LGBT Pride Parade In Sao Paulo (Photo: Wikimedia)
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.”
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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.
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