We Call It ‘Daylight Saving Time’ But It Costs Us Millions

Is it too costly to spring forward for daylight saving?
  • When is daylight saving time: It starts at 2 a.m. on Sunday, March 10.
  • It’s estimated that daylight saving time costs the U.S. at least $430 million annually.
  • Feelings on the usefulness of daylight saving time are mixed.

Don’t forget to turn your clocks forward an hour at 2 a.m. on Sunday, March 10, when daylight saving time begins — although chances are your electronic products will update themselves. So once the clock strikes 2, it’s really 3 a.m. —  which means you lose an extra hour of sleep.

The original point of daylight saving time was to help people save energy and electricity by giving them an extra hour of natural light in the spring, but has daylight saving time outlived its usefulness? Does daylight saving time cost more than it saves? As we prepare to spring forward in 2019, let’s take a look at the cost of DST.

Find Out: The Economic Impact of Daylight Saving Time

The Cost of Daylight Saving Time 2019

It turns out, daylight saving time might be more of a bane than a boon for the workplace. A financial cost for the biannual switch is hard to pin down, but a study by Chmura Economics & Analytics estimated that daylight saving time costs the U.S. more than $430 million a year. Other figures are even higher; a 2008 report by the Independent Institute claimed the annual costs for changing clocks twice a year could be as high as $1.7 billion.

Make Your Money Work for You

So why does changing clocks costs money? Chmura’s study concluded that setting clocks forward “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.” Because changing clock times affects sleep, it might also affect people’s circadian rhythms. This circadian misalignment has consequences for workers, including possible drowsiness and added stress to the cardiovascular system. The “cyberloafing” Chmura outlines for white-collar workers indicates the time wasted spent browsing the web following changing the clocks, which decreases productivity and thus profits.

If You’re Always Tired: You Can Nap on the Job at These 10 Companies

Does Daylight Saving Time Actually Save Energy?

Daylight saving time was first introduced in the United States during World War I, and it returned during World War II — then known as “war time.” It wasn’t formalized until 1966, with the passage of the Uniform Time Act. Conclusions on whether or not daylight saving time actually saves energy — ostensibly the entire reason it was created — are mixed.

A 2008 study with Indiana residents found turning the clocks forward an hour increased energy use rather than conserving it. Plus, due to the associated health risks of turning clocks forward, worker productivity likely decreases, too.

Try These: 21 Time-Management Hacks Successful People Do Daily

But don’t let the time change interrupt your routine — here’s how to maintain work-life balance.

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About the Author

Sean Dennison

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean’s first foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered military affairs both in garrison and internationally when he deployed to Afghanistan. After finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.

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