Daylight Saving Time 101
Daylight saving time is the practice of setting the clocks forward one hour during the spring and back again in the fall in order to take advantage of natural daylight. It has both benefits and negative consequences. This video helps you understand all of them.
In spring we move our clocks forward an hour and in Fall we move them back an hour. That section in between, we call that daylight savings time…oh. it's singular. I’m sorry, it's Daylight Saving Time.
It may seem pretty straightforward, but Daylight Saving Time has both serious repercussions and major benefits.
In the United States of America 48 states observe Daylight Saving Time, with Hawaii, most of Arizona, and the US territories of Guam, American Samoa, Puerto Rico, and the U.S. Virgin Islands choosing to ignore it.
In Spring, the 48 states all jump ahead an hour and the immediate effects can be disastrous, while in the long term the benefits shine brightest, no pun intended.
One study found that the average American worker loses forty minutes of sleep when the clock springs forward.
That means lots of people could be losing an hour of sleep or more on the same night, essentially giving us all jet-lag. And sleep deprivation can lead to serious health issues.
According to studies, the first Monday of Daylight
Saving Time has 25% more heart attacks than a typical Monday. Car accidents go up 17% in the days after time shift. Workplace accidents go up about six percent and workers are 67% more likely to miss work due to these accidents.
And workplace accidents aren’t the only thing companies have to face. Productivity goes way down the first Monday after Daylight Saving Time.
Daylight Saving Time isn’t even universal. Fewer than half of the countries in the world actually use it, and few agree on when it starts or ends.
The switch to Daylight Saving has a lot of negatives, but why do we do it at all?
The real reason we kept Daylight Saving Time and extended it. Economics.
Some studies suggest we spend money when it’s sunny outside.
If it’s light out after work or school, people spend more at the shops.
From 1968-1971 the UK kept their version of Daylight Saving Time for the whole year—and traffic deaths declined by 11% because it was light after work during the winter.
Another recent study found that kids are more likely to exercise outside during the winter Daylight Saving Time rather than huddling inside after school.
With benefits and negative effects, it’s no wonder Daylight Saving Time has opponents and supporters. On what side of the clock do you stand?
Category: Personal Finance