Gay weddings have being legalized nationwide in the US back in 2015. This was an important step forward to equality and it was also a rather significant boost for the economy.
Reuters reported a study from the Williams Institute at California’s UCLA School of Law, saying that after the U.S. Supreme Court ruled in favor of same-sex marriage, 300,000 gay couples got married.
This means that the overall community benefited from that. It has been estimated that these weddings added $3.8 billion to the US economy as follows: $3.2 billion has been spent on weddings, $544 million from travels, and $244 million was brought to the state and local coffins as related taxes.
It’s interesting to notice that it has been estimated that 45,000 jobs depend on same-sex marriages.
Christy Mallory, state and local policy director at the Williams Institute, commented:
“Marriage equality has changed the lives of same-sex couples and their families. It has also provided a sizable benefit to business and state and local governments.”