Gay Marriage Approved by New York Senate

[preciousjeni]

Originally Posted by BluPhire

Gay Marriage the same, yes there will be a big boost in revenue for cash strapped states and what not, but somebody is looking at this from their private interest and is not liking it at all. Or sometimes, the fight is more lucrative than the victory.

I could totally be buying into foolishness, but I feel like I remember a reputable survey that estimated about 4% of the population identifies as LGBT. I assume an even smaller number of these people are going to be getting married.

How significant could the financial repercussions or windfall really even be? And, why is it a concern?

[BluPhire]

Originally Posted by preciousjeni

I could totally be buying into foolishness, but I feel like I remember a reputable survey that estimated about 4% of the population identifies as LGBT. I assume an even smaller number of these people are going to be getting married.

How significant could the financial repercussions or windfall really even be? And, why is it a concern?

I don't know, but if people are tracking it, it must be a reason why to either support or dispute a position.

[KSig RC]

Originally Posted by preciousjeni

I could totally be buying into foolishness, but I feel like I remember a reputable survey that estimated about 4% of the population identifies as LGBT. I assume an even smaller number of these people are going to be getting married.

Statistics range anywhere from 4% to 11% of the population. I don't know of any conclusive research though, as self-reporting is awkward here.

How significant could the financial repercussions or windfall really even be? And, why is it a concern?

If we assume your (worst-case) 4% figure, there are 19 million people in New York, so you're looking at about a million LBGT there. What's the average outlay on a wedding? Google claims something like $25k, and that doesn't include gifts, hotel rooms, liquor sales, flights in/out, etc. It adds up rapidly.

Now consider that you'll have other couples coming in from Florida, Pennsylvania, etc. ... $200MM seems easily reachable, especially if the actual number is closer to 11%.