This post was written by WeddingWire Education Expert Kathryn Hamm, Publisher of GayWeddings, the leading online resource dedicated to serving same-sex couples since 1999. Kathryn is also co-author of the groundbreaking book, The New Art of Capturing Love: The Essential Guide to Lesbian and Gay Wedding Photography. Follow her on Twitter @madebykathryn.
From a market perspective, one of the most interesting results of our post-marriage equality existence is that the economic impact story will finally be revealed rather than projected. As we cross the threshold of June 26, 2016 – one year since the Supreme Court’s Obergefell v Hodges decision – we can now offer our first concrete snapshot of what did happen nationally for same-sex couples and the wedding market.
In addition to our 2016 Survey of Contemporary Couples and Wedding Trends – a highly disciplined national study of more than 1,400 LGBTQ and non-LGBTQ recently married couples, conducted by the research teams at WeddingWire and Community Marketing & Insights, along with the unmatched same-sex wedding market experience of yours truly (17 years) and Bernadette Smith of the Gay Wedding Institute (12 years) – Gallup and a scholar from the Williams Institute have offered some analysis of what has happened in the past year.
The headliner, of course, is that Gary Gates, a recently retired distinguished scholar at the Williams Institute of UCLA, analyzed our Contemporary Couples report and the Gallup report, concluding that same-sex couples spent more than $1.3 billion on their weddings in the past year. I think it’s safe to say that the economic impact in this past year was clear.
But what can we expect moving forward?
To answer that question, here are some economic and demographic highlights that may impact your decision-making as you consider your approach to expanding your services to be inclusive of all couples:
- Gallup estimates that approximately 123,00 same-sex couples married in the U.S. in the past year.
- The Gallup poll showed an increase in couples living together who reported being married as having grown from 38% pre-Obergefell to almost half of all same-sex couples (49%) post-Obergefell.
- Gallup estimates that 3.9% percent of adults in the U.S. identify as LGBT.
Given the above, it’s important to note that Gallup, in looking at its poll results between June-Nov of 2015 and Nov 2015-June 2016, sees the spike in same-sex marriages may be leveling off. This is certainly a trend that I expected to see – that is, once federal marriage equality occurred, any couples who had been waiting for this milestone would be prepared to get married in relatively short order and more ‘typical’ market rhythms would be upon us.
So, while we saw 123,000 couples spend $1.3 billion in the past year, can we count on this as a stable predictor?