Gay Marriage And The Economy: Same-Sex Unions Will Boost Economy By $166 Million, Study Finds
The Williams Institute at UCLA Law reported Monday that wedding spending by same-sex couples in the three newest states to approve gay marriage may generate more than $166 million over the next three years.
The Institute estimates that same-sex couples in Maine will collectively spend $15.5 million, Maryland couples will spend $62.6 million and Washingtonians will spend $88.5 million on weddings.
The Institute estimates that same-sex couples in Maine will collectively spend $15.5 million, Maryland couples will spend $62.6 million and Washingtonians will spend $88.5 million on weddings.
Economists have followed gay marriage's impact on the wedding industry and local economies since Massachusetts became the first state to legalize same-sex unions in 2004. The Williams Institute found that from May 2004 to September 2008, the Massachusetts economy enjoyed a $111 million boost as a result of gay marriage legalization.
And in July, CNN Money reported that the legalization of gay marriage in New York boosted New York City's economy by $259 million in just one year.
“The same number of people have been getting married every year for the last 20 years,” Carley Roney, co-founder and editor in chief of TheKnot.com, told The Daily Beast. “Gay marriage is literally the only thing that has the potential to change the size of the wedding industry.”
And in July, CNN Money reported that the legalization of gay marriage in New York boosted New York City's economy by $259 million in just one year.
“The same number of people have been getting married every year for the last 20 years,” Carley Roney, co-founder and editor in chief of TheKnot.com, told The Daily Beast. “Gay marriage is literally the only thing that has the potential to change the size of the wedding industry.”

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