Every year, over 300 million Americans observe Daylight Saving Time (DST). Advocates of DST argue that the policy increases consumer spending, thereby providing the economy with a boost. The actual effects, however, are difficult to measure.
In its new report, "Shedding Light on Daylight Savings Time," the JPMorgan Chase Institute used over 380 million transactions from over 2.5 million customers in Los Angeles and Phoenix to measure consumer responses to the beginning and end of DST from October 2012 to June 2015.
Key findings of this report include:
Find out more in the full report.
New research from the JPMorgan Chase Institute explores the financial health of small businesses in the US and reveals the cash flow challenges that they face on a monthly basis.Read the report about Cash Is King: Flows, Balances and Buffer Days
The number of Americans working past the traditional retirement age has increased sharply. How has this trend impacted the financial lives of seniors?Learn more about Past 65 and Still Working: Insights on Senior Citizens’ Financial Lives
A new report from the JPMorgan Chase Institute analyzes the growth of local consumer commerce across 15 metro areas. Find out what it means for your business.Learn more about Measuring Local Consumer Commerce
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