The foil-embossed invitation for a destination wedding on a tropical island hits your mailbox, and the instinct is familiar: make an excuse, and quietly hope no one asks why. For tens of millions of Americans, that excuse has a name, and it’s not one they’re willing to say out loud.
Two-thirds of Americans have skipped at least one social commitment in the past two years because they just can’t afford it, according to a new survey from the CFP Board shared with Fortune. The events they’re missing out on aren’t always luxuries. They’re birthday dinners, concerts, holiday gatherings, as well as group vacations and weddings.
