Same-Sex Marriage Has Generated $3.8 Billion Since Its Legalization, Study Says
It’s been five years since the U.S. Supreme Court legalized gay marriage throughout the United States. Today, new research finds that the ruling boosted economy by an aggregated total of $3.8 billion.
The study was conducted by the researchers from the Williams Institute at UCLA School of Law.
Since the legalization, around 300,000 same-sex weddings have taken place.
“Marriage equality has changed the lives of same-sex couples and their families,” said Christy Mallory, the lead researcher at the Williams Institute. “It has also provided a sizable benefit to business and state and local governments.”
Researchers estimated that more or less $3.2 billion was spent on wedding ceremonies, and the rest came from the wedding guests. The ceremonies also created $244 million in state and local taxes.
The team also estimated that nearly 45,000 jobs depend on same-sex weddings.