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Saturday, July 23, 2011

Williams Institute Estimates that Marriages by Same-Sex Couples will Boost New York Economy By Over $150 Million

Wedding Spending By Same-Sex Couples
During First Year Marriage Extended To Them Under State Law (millions)

Today, the Williams Institute released a new estimate of the amount of spending by same-sex couples on their weddings during the first year that New York extends marriage to them, over $150 million.  The estimate is based on the experience of the five previous states that have extended marriage to same-sex couples and new Census 2010 data for New York released just last week.  Given the larger population size of New York, and the fact that it is one of the nation’s top domestic tourism markets, New York will experience a wedding spending boom that is greater than all five of the states that have previously extended marriage to same-sex couples combined.   

To read more about the estimate, click here.

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