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Clocks Fall Back This Weekend. U.S. Consumer Spending May Too
JPMorgan Institute study shows spending falls when U.S. consumers have fewer daylight hours to shop
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The clocks turn back this weekend, giving most Americans an extra hour to cash in on sleep. But new research finds they tend to spend less money with fewer hours of daily sunlight.
A study by JPMorgan Chase Institute compared purchases by credit and debit card users with its parent bank in two southwest U.S. cities: Los Angeles, which adjusts in and out of daylight saving time, and Phoneix, which follows mountain time year round.