(New York City) George W. Bush and conservative religious groups may be pushing for a constitutional amendment to ban same-sex marriage but a new study shows that gay weddings are good for business.
Forbes Magazine says legalized same-sex marriage would be "a windfall for the wedding industry." The business journal has estimated that if the laws were changed, gay couples currently living together would collectively spend $16.8 billion to get hitched.
"Of course, they wouldn't all get married right away, so it might be several years before the industry reaped the entire windfall," Forbes reports. "But it seems reasonable to presume that if same-sex marriage were to be legalized, a large percentage of gay couples immediately would begin making plans to march down the aisle together."
The entire US wedding industry is worth about $70 billion-per-year, accounting for caterers, jewelers, travel agents and a host of other businesses.
The average wedding in America today costs about $22,000.
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