I think its hard to generalize about the various threads, but I also think you can see certain trends developing in both directions. On the top end, the cost of weddings is outrageous. Brides (or their families) are dropping tons of cash to make the special day over the top. Those people are spending cash and lots of it. On the bottom end though it seems that it might be less important. The economy certainly took a bite out of certain folks extra cash, and the proliferation of good quality cameras and the lowered standards for images post camera phone/facebook may devalue the photo. It all depends on which direction you are looking.