In some parts of eastern Shandong province, the endowment money is measured by weight. For instance, to marry a woman, one must pay her parents at least 1.5 kilograms of 100 yuan notes, which would add up to at least 131,000 yuan, according to some bankers.
Endowment may be part of Chinese tradition, but the standards have become so high in recent years that a majority of families are finding it difficult to meet them. Besides, many newly married couples are forced to host extravagant wedding ceremonies to keep up with the Joneses and, in the process, run up huge debts that could turn their married life sour, at least in the initial phase.
Rapidly rising living cost is the primary cause of rising endowment amounts. For most young people, marriage means setting up home independent of their parents, which has become increasingly difficult given the constantly rising prices of almost everything. Complicating young couples' problems is the deeply rooted tradition that a family needs its own home, which is becoming a mission impossible for many because of skyrocketing housing prices. No wonder, most newly (or to be) married couples turn to their parents for help.
The Beijing News survey shows that 75.7 percent of newly married women's families give the endowment amount, adding some from their own savings in many cases, to their daughters to help the new couple to fulfill their initial financial needs.
Many parents save every penny for their children's wedding, even though their own weddings were simple affairs with little involvement of money. And not surprisingly, their frugal wedding ceremonies didn't have any bearing on their married life.
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