Advertisement

New Data Shows U.S. Benefiting From Same-Sex Marriage

BY BTL STAFF

LOS ANGELES – The Williams Institute, in partnership with Credit Suisse, has released a new, interactive resource exploring the amount of money state economies have to gain by allowing same-sex couples to marry. Based on a series of state-level studies authored by Williams Distinguished Scholar M.V. Lee Badgett and other Williams Institute scholars, the resource estimates that the nationwide economic boost from marriage of same-sex couples could be up to $2.6 billion in just the first three years.
"Same-sex couples and their out-of-town guests spend money to celebrate weddings," said Badgett. "As we have seen in states that already extend marriage to same-sex couples, this spending boost can lead to an influx of tourism dollars that benefit local businesses and an increase in state and local tax revenue."
Some states have yet to open marriage to all couples. Notably, the economic interactive shows that states in the south that have been slow to open marriage to same-sex couples could see a total economic benefit of $733 million. It also shows that 29 percent, $750 million nationwide, remains unlocked by states that have not yet extended marriage to same-sex couples.
The online tool was created in partnership with Credit Suisse, a longtime partner of the Williams Institute. "This new, interactive resource communicates what the Credit Suisse LGBT Equality Index and Portfolio communicates, which is that being pro-LGBT is good for business – and that data proves it," said Pamela Thomas-Graham, Credit Suisse's Chief Marketing and Talent Officer and head of the firm's New Markets business.

Advertisement
Advertisement

From the Pride Source Marketplace

Go to the Marketplace
Directory default
Voted best florist numerous times by Hour Magazine and in 2019 by Detroit Home Magazine. We offer a…
Learn More
Directory default
The AIDS Committee of Windsor provides client advocacy, support, harm reduction, health promotion…
Learn More
Directory default
Detroit Regional LGBT Chamber of Commerce MemberNeed customized apparel for your next event? In…
Learn More
Directory default
Urbane apartments are fun, funky, eclectic, well thought-out and come with modern design features…
Learn More
Advertisement