Our Thoughts

Viewpoint: Same-sex marriage’s financial boon

On October 6 the Supreme Court let stand appeals court rulings allowing for same-sex marriage in five additional states including Virginia. The court’s decision, according to the New York Times, means that “nearly two-thirds of same-sex couples in the United States will soon live in states where they can marry,”  In his Guest Comment in the latest issue of the Washington Business Journal, Bruce Hoffmeister focuses on the impact of the court’s decision on the Virginia economy.  He cites a study by the Williams Institute at the UCLA School of Law (my alma mater) which forecasts $46 million to $60 million of additional spending (weddings, tourism, etc.) in the next three years. Washington Business Journal subscribers can read the article here.