U.S. lost $433,982,548 because of Daylight Savings Time switch

rockin'robin

rockin'robin

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id you remember to set your clock forward on Sunday? Of course, it doesn’t really matter since most of us operate on digital devices like our smartphones that do the one-hour adjustment automatically.

But the annual switch to Daylight Savings Time reportedly continues to be a costly endeavor, resulting in a net loss of $433,982,548 for the U.S. economy.



The Lost-Hour Economic Index breaks down the economic loss state-by-state, across the top 360 metropolitan areas, saying that the lost income is due to a number of factors, including fatigue. Some markets in Hawaii and Arizona were excluded form the methodology because they do not participate in Daylight Savings Time.

All in all, the annual spring forward is a step back to our bank accounts. Though, the actual per capita numbers are not as stark as the totals suggest. Still, in this economy, every dollar counts. Maybe even more than that lost hour of sleep.

According to the Index, Morgantown, WV suffered the greatest loss per capita, with each person losing about $3.38 during the time switch. Least affected? Provo-Orem, UT, where each person only lost about $.97 cents during the time change.

En masse, the New York/Northern New Jersey/Long Island area was most affected, losing an estimated 29,682,674.

All in all, a pretty expensive time-change for what is supposed to save energy. Maybe the conspiracy theorists are right and Ben Franklin has been laughing in his grave for centuries.

U.S. lost $433,982,548 because of Daylight Savings Time switch | The Sideshow - Yahoo! News
 
Asked my daughter about Provo-Orem, since she lives in Orem. She guesses it's because most businesses are closed on Sunday.
 
Make no different, daylight saving been goes same thing for many year. Shut up
 
It is one of those hey this is bs but do it anyway because someone in Washington wanted to pass a bill that somehow had a hidden moneymaker in it for a rich buddy. The guys who did it are all dead now it is still going on.
We had a situation here in Alaska where the state was in three different time zones. That hairpulling logistical nightmare went on for a hundred years before a change was made to put the whole state in one zone.
That made sense. Clocks back and forth that is just a pain.
 
:lol:

Index Methodology
These are the findings of Chmura Economics & Analytics in a study entitled “Estimating the Economic Loss of Daylight Saving Time for U.S. Metropolitan Statistical Areas” commissioned by the Carpenter Co. The study focused on only the aspects of economic losses where solid evidence from peer-reviewed academic journals could be obtained, showing how the DST change can lead to an increase in heart attacks, workplace injuries in the mining and construction sectors, and increased cyberloafing that reduces productivity for people who typically work in offices. A reasonable economic cost was then developed from the economic costs of heart attacks, workplace accidents and cyberloafing and applied to the more than 300 Metropolitan Statistical Areas (MSA) in the U.S.
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SleepBetter Lost-Hour Economic Index | SleepBetter.org
 
KristinaB said:
Personally, I do not see the purpose of it.
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Ben Franklin started this so people could use less candles and save money.
It started again during WW2 to save energy and it now been proven to to do nothing but crazy people nuts having set their clocks twice a year and loss a hour of sleep. I was hoping one of our president would put an end to this.
 
:laugh2: at an hour loss or more of a sleep once a year each...come on this is silly...it DOES cut down on power, my guess the 'finanical loss' is from the reduction of the taxes which is in proportion to the revenue electricity companies, then again, it shouldn't be, as you see, its an hour per day Less wear and tear and electricity consumption during the DLS periods, lets keep it...
 
This helps the golf industry tremendously. That extra hour after work enables 9-5ers to get in 9 holes after work. It also helps outdoor sports (often run by cities) by providing an extra hour of activities where they do not have to run the lights.

It is also an extra hour of daylight for parents to spend some time outdoors with their kids after work. Many positives come of that.
 
TXgolfer said:
This helps the golf industry tremendously. That extra hour after work enables 9-5ers to get in 9 holes after work. It also helps outdoor sports (often run by cities) by providing an extra hour of activities where they do not have to run the lights.

It is also an extra hour of daylight for parents to spend some time outdoors with their kids after work. Many positives come of that.
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Also, it does help people with usher syndrome too because they have trouble to see at night and I don't see very well at night, so driving at night is very risky.
 
Is the hour gained or is it simply going back to what it is supposed to be?
 
We gain an extra hour of daylight in the evening. Really, the amount of daylight is the same, just a matter of whether there's more in the morning or in the evening based on the clocks.
 
LoveBlue said:
We gain an extra hour of daylight in the evening. Really, the amount of daylight is the same, just a matter of whether there's more in the morning or in the evening based on the clocks.
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I know, the day is still has 24 hours , some people think it mean the days are now 25 hours long.
 
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