While I have faith that the economy will recover in the long term -- if the people in charge decide to care, that is -- what I'm concerned with is the short term of planning a wedding in the middle of the economic chaos.
We have money saved for the wedding, but my parents insist on contributing even though they are both retiring in the next year on now depleted 401 k's. So I feel bad about taking money from them (and will try to convince them to contribute less). And, even though we are in fairly good financial shape at the moment, we work for the same company, and that company has had lay offs in the last year and might have more before it's all over with.
Also, I am pretty sure this is going to keep a lot of our potential guests -- who otherwise would be there -- from coming considering the cost and their other financial priorities. The beauty of a destination wedding is having a more intimate wedding and inviting only the people you really care about, so the people on the list are really important to us and we really want them to be there.
I'm honestly considering whether I should postpone the wedding now while we would lose some money but before we are in so far that we lose a whole lot. And then rescheduling for later when maybe things will have cooled off with the markets. And possible even ditching the destination and doing something domestic that would at least be cheaper for the guests.
Is anyone else having these thoughts? And have you had your guest lists dwindled to fewer than you had expected?