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Gay Marriage Ban Hurts California Businesses
After a busy Summer of fulfilling orders for flowers and cakes to be showcased at same-sex weddings all over California, vendors are now seeing their business cut at the worst possible time. Voters passed Prop. 8, which effectively bans same-sex marriage in the state, and the demise of gay marriage is unfortunately hurting the businesses that supported same-sex couples.
Real Estate Agents Already Chasing Same-Sex Newlyweds
As same-sex couples have started exchanging teary vows in California, struggling real estate agents in San Diego have started another desperate marketing scheme as an attempt to get rid of some inventory.
Previously, a group of developers tried to find success in a buy one, get one free campaign directed toward anyone interested, and now a group of realtors are trying to capitalize on same-sex newlywed couples by offering them a convoluted discount. The promotion is being advertised on the Wellsford Realty website as the "Free Honeymoon Packages and Wedding Reception Offer," and is explained with this text.
Gay Marriage Could Give CA Economy a Much-Needed Boost
The California Supreme Court's decision to overrule the ban on gay marriage triggered a spectrum of reactions, and a recent study suggests that more than just same sex couples will benefit from the decision. A study by the Williams Institute at the UCLA School of Law concluded that same-sex couples will add $684 million to California's wedding industry and in three years will boost the state budget by $64 million.
Wedding vendors began to see business increase after the May announcement that CA would recognize same-sex marriage as of June 17.
How the CA Gay Marriage Ruling Affects Benefits and Taxes
Some of the biggest domestic news last week was the announcement that California's Supreme Court overturned the ban on gay marriage. The ruling means that same sex couples will be able to obtain California marriage licenses and will be treated with the same state rights as heterosexual couples. In terms of benefits and taxes, CA has already been more inclusive of same sex couples than other states, and to find out exactly how the new ruling will affect these areas just read more
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What's Money This Week
- This week we discovered how the CA gay marriage ruling will affect same-sex couples' taxes and benefits.
- The IRS announced they're behind schedule with depositing rebate checks.
- I gave new grads some advice for entering the post-college world.
- Burnt out at work? We talked about ways to fight the burnout blues.
- If you've been wondering how normal are your spending habits, Glamour told us which habits are normal.
- Anger isn't usually one of the reactions we have here, but we were furious about this week's news in air travel.
- Determined to go to the May 27 Sex and the City premiere in NYC? Craigslist has tickets for sale.
- I shared three tips for organizing your receipts online.
- And six tips for finding extra money to start your emergency fund!
- Finally, I asked what you would do if a creepy ex-coworker followed you to a new job.
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