Here’s how much gay marriage could add to the economy
By Benjamin Snyder
June 26, 2015
The Supreme Court ruled 5-4 today in favor of legalizing gay marriage throughout all 50 states of the U.S. as well as in the District of Columbia. And the decision may prove to be an economic boon for business in the country.
In an article last year, the Washington Post estimated that the decision could prove to be a $2.6 billion economic windfall in the next three years when passed across the U.S. That figure, which was calculated by the Williams Institute at the UCLA School of Law, sees the majority of its money coming from states including California, New York, Massachusetts, Pennsylvania, Illinois and Washington, the publication reported at the time.
For example, California calculated that over 50,000 gay couples in the state were expected to spend about $400 million, along with $31 million in local tax revenue.
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