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Young Americans, already holding record levels of debt, are increasingly taking out loans to pay for their weddings, Abha Bhattarai writes in the Washington Post.

The big picture: A majority of 18- to 37-year-olds don't know when — or if — they will ever pay down their debt, and nearly 20% of those with debt said they expect to die before they are able to pay it off.

Where it stands: "Online lenders say they are issuing up to four times as many 'wedding loans' as they did a year ago," the Post reports — and average American wedding costs are rising. Wedding loan ads are spiking on social media and financial planning sites.

  • Loans are frequently marketed "as a way to fund extras like custom calligraphy, doughnut displays and 'Instagram-worthy' venues."

The bottom line: "Credit cards and family members have funded weddings for years," per the Post, but "financial advisers say these types of online loans take lending a step further, by directly targeting 20- and 30-somethings on their computers."

Go deeper: 20% of millennials in debt expect to die without paying it off

Go deeper

Georgia governor declines Trump's request to help overturn election result

Georgia Gov. Brian Kemp. Photo: Elijah Nouvelage/Getty Images

Georgia Gov. Brian Kemp pushed back on Saturday after President Trump pressed him to help overturn the state's election results.

Driving the news: Trump asked the Republican governor over the phone Saturday to call a special legislative session aimed at overturning the presidential election results in Georgia, per the Washington Post. Kemp refused.

Philanthropy Deep Dive

Illustration: Aïda Amer/Axios

A look at how philanthropy is evolving (and why Dolly Parton deserves a Medal of Freedom).