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Source: Williams Institute
Economic Impact of Same-Sex Marriage
June 29, 2015 9:30am by Barry Ritholtz
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Now, LBGTs can join millions of unhappy bastards in the chains of marriage. They are no longer special, you are one of us. And don’t forget the new market for divorce attorneys, which may be the largest group to realize economic benefits.
Sometimes you get what you wish for.
@theexpertisin: Maybe that’ll prove true in 20 to 40 years, but after being treated like pariahs since… forever but this is a heckuva lot more than a punchline.
Not being equal in the eyes of the law is an enormous burden that I doubt you and I have ever faced. Imagine having a long-term committed relationship, but not being able to be bedside in a hospital with a dying partner; or not having equal rights to child custody challenges (bias will no doubt remain); not having equal rights to most tax and estate planning benefits.
I’ve seen first-hand how families have been torn asunder by these very issues. Ugly beyond words. Look, this decision won’t codify acceptance of LGBT couples in the hearts and minds of tens of millions of Americans. So be it. But at least they’ve been granted an important legal measure of acceptance, equality and redress.
Hmm, I wonder did consider that opposite-sex marriage rates appear to decline when SSM is introduced and that this might offset the gains from SSM?
It’s still very, very early to draw conclusions, but see here for some preliminary data (in the appendix).
http://www.supremecourt.gov/ObergefellHodges/AmicusBriefs/14-556_100_Scholars_of_Marriage.pdf
Marriage rates have been in decline for decades. There is not even a correlation between marriage equality and the declining rates of traditional (religious) marriage. There is a correlation between women’s rise as independent economic actors (in other words, no longer relegated to being the domestic help for their husbands) and the decline of income across the lower and middle classes with the decline of marriage rates, but the argument that marriage equality has anything to do with it is ludicrous.
So with same sex marriage and rising minimum wages,might we get enough economic velocity to get the middle class growing and stable again?