Nearly 71% of women would help pay for their engagement ring: They may see a ring as 'proof of worthiness and desirability,' says expert

Engagement play is upon us, with December being the astir fashionable period to suggest worldwide, according to The Knot.

And portion traditionally men person been expected to ammunition retired for that diamond — arsenic Beyoncé enactment it successful 2008, helium should've "put a ringing connected it" — galore women are changing their expectations astir who makes the purchase.

Nearly 71% (70.6%) of women accidental they're consenting to lend to the outgo of their engagement ring, according to DatingAdvice.com's caller Holiday Engagement Survey of 1,000 partnered U.S. adults.

Almost 19% said they would wage for the ringing successful full, astir 23% said they'd partially wage and 29% said they would lend if needed.

Here's wherefore Natassia Miller, a certified sexologist who founded the enactment and narration coaching institution Wonderlust, thinks women mightiness beryllium changing their tune.

There are much couples earning 2 salaries, with oregon without kids, than determination were a decennary ago, according to the Pew Research Center.

And while, connected average, the sex wage spread persists, determination are immoderate metro areas successful the U.S. wherever women nether the property of 30 gain arsenic overmuch arsenic oregon much than their antheral counterparts, according to Pew.

"Today, with much dual‑income couples and women delaying matrimony portion they physique careers," says Miller, "there's much openness to treating the ringing arsenic a shared investment."

This portion of jewelry is expensive: The mean outgo of an engagement ringing is $5,200, according to The Knot.

And headlines abound astir Americans' fiscal hardships. Overall prices are up 25% since January 2020, for example, according to Consumer Price Index data, and astir fractional of Americans judge their fiscal concern worsened this year, according to a caller survey by Intuit Credit Karma.

"Against that backdrop, it makes consciousness that couples are much pragmatic," says Miller. "Instead of 1 spouse taking connected indebtedness to deed an arbitrary ringing budget, immoderate women would alternatively stock the outgo and support the acquisition aligned with reality.​"

Finally, adjacent arsenic they see their fiscal realities, women are consenting to wage due to the fact that the ringing is symbolic.

"Even women who are financially autarkic often grew up connected a dependable fare of rom‑coms, societal media proposals, and bridal selling wherever the ringing is framed arsenic impervious of worthiness and desirability," says Miller.

For galore women, "an engagement ringing is inactive a nationalist awesome that says, 'Someone committed to me, and is consenting to amusement that to the world.'"

Want to springiness your kids the eventual advantage? Sign up for CNBC's caller online course, How to Raise Financially Smart Kids. Learn however to physique steadfast fiscal habits contiguous to acceptable your children up for greater occurrence successful the future.