How Daylight Savings Is Costing Americans More Than an Hour of Sleep, According to New GoBankingRates.com Report

Daylight Savings time, which starts tomorrow, Sunday March 10th, prompts Americans to ‘spring forward’ and set their clocks one hour ahead. The latest report from personal finance resource, http://www.GoBankingRates.com, investigates the history of daylight savings time and explains how this age-old practice costs Americans more than their beauty rest.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
Daylight Savings

Daylight Savings

Sure, conserving energy through Daylight Savings was once a best practice to cut down on electricity costs, but in today’s advanced technological age, there are more complicated implications we need to consider.

El Segundo, CA (PRWEB) March 09, 2013

During Daylight Savings time, people set their clocks one hour ahead in order to have more daylight and save money on energy expenses. Every year, Americans infamously complain about losing an hour of sleep during Daylight Savings weekend. However, the newest report from GoBankingRates.com reveals that it’s not the loss of sleep people should be worrying about; it’s the hit against their savings goals.

The Daylight Savings time-change was discussed as far back as the 1700s, but wasn’t officially implemented until the 1910s. The original purpose of the practice was to provide more daylight in the evening hours and thus help people save money on energy costs. However, in their new report, GoBankingRates investigates the accuracy of this centuries old idea and finds that Daylight Savings may actually be costing people money instead of helping them save.

Jennifer Calonia, editor of GoBankingRates notes, “Sure, conserving energy through Daylight Savings was once a best practice to cut down on electricity costs, but in today’s advanced technological age, there are more complicated implications we need to consider.”

To see the costs of Daylight Savings time, click here.

For questions about this report or to schedule an interview with a GoBankingRates editor, please use the contact information below.

About GoBankingRates

GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.

Contact:

Jaime Catmull, Director of Public Relations
GoBankingRates.com
JaimeC(@)GoBankingRates(dot)com
310.297.9233 x261

###

Source: California Energy Commission, Effects of Daylight Saving Time on California Electricity Use.


Contact

Follow us on: Contact's Facebook Contact's Twitter Contact's LinkedIn Contact's Google Plus

Attachments

GoBankingRates.com GoBankingRates.com

GoBankingRates.com


Jennifer Calonia Jennifer Calonia

Jennifer Calonia


Daylight Savings Is Costing You More Than an Hour of Sleep Daylight Savings Is Costing You More Than an Hour of Sleep

Daylight Savings Is Costing You More Than an Hour of Sleep


Daylight Savings Time Daylight Savings Time

Daylight Savings Time