Same-sex weddings adds $3.8 billion to the US economy since it was legalized

Gay and lesbian weddings are also good for the economy. This is why!

Weddings

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.”

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Embed from Getty Images