Online lenders told The Post that they're issuing up to four times as many "wedding loans" as they did a year ago.
Young couples are taking out loans to fund " Instagram-worthy" weddings, according to a new report from The Washington Post.
Online lenders told The Post that they were issuing up to four times as many "wedding loans" as they did a year ago as millennial couples drop thousands of dollars to have their dream wedding.
Many are spending more on additional services such as custom calligraphy invitations or doughnut displays.
"People are carrying more debt, they want to get married but don't have the funds to do so," David Green, chief product officer at online lender Earnest, told the Post.
Read more: Millennials' preferences are leading to major changes in the wedding industry