Hodgeswhich guaranteed same-sex couples the same rights to marry as heterosexual couples. Aside from the immediate economic effect of same-sex weddings, there are longer-term economic benefits tied to marriage in general.
Same-sex couples " pump money into state economies as they plan their weddings and celebrate their milestone," they found. Others are planning larger ceremonies and receptions at churches, hotels and banquet halls, complete with multi-tier wedding cakes, catered meals, open bars and live bands.
They are also now contributing to economic growth in a new way: as a legally married couple.
The median age for first marriage hit its highest point on record last year: 30 years old for men and 28 years old for women, according to US Census Bureau data cited by the Pew Research Center. Same-sex couples filing joint tax returns in the US are "generally younger, higher income, and less likely to claim dependent children," an analysis of tax return data by the Brookings Institute found.
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Unmarried couples may also stay together for a shorter period of time, according same sex marriage economy boost in Ontario, Wendy Manning, a sociology professor and the director of the Center for Family and Demographic Research and co-director for the National Center for Family and Marriage Research at Bowling Green State University.
Sarah makes a little bit more than me, so she pays for the cars and the insurance, but then I'll get groceries or any shopping that we need," Caruso said. Palm Springs, which attracts gay tourists from around the world, stands to be a major beneficiary of the legalization of same-sex marriage.
Chat with us in Facebook Messenger. They married on July 1,in Connecticut, decked out in beautiful white dresses and surrounded by bridesmaids and groomsmen in blue.
And the economic effect of same-sex weddings in the year immediately after the landmark Supreme Court decision was huge, Mallory and the Williams Institute team found in their research. And that means a new source of revenue for wedding-related businesses.