The Real Cost of Daylight Saving 2023

yipengge / Getty Images/iStockphoto
yipengge / Getty Images/iStockphoto
  • When is Daylight Saving Time 2023: It started at 2 a.m. on Sunday, March 12, and ends at 2 a.m. on Sunday, November 5.

  • Some research has estimated that Daylight Saving Time costs the U.S. at least $430 million annually

  • There is no consensus on the cost and benefits. Its advocates have made credible arguments for continuing to change the clocks twice a year and its detractors can make a good case for abandoning Daylight Saving Time.

The Germans originally devised Daylight Saving Time (DST) in 1916 in an effort to conserve energy during World War I. Soon after, much of Europe and the United States was forcing 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? Let’s take a look at the cost of DST.

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The Cost of Daylight Saving Time 2023

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 from 2016 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.

So why does changing clocks cost 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 browsing the web following changing the clocks, which decreases productivity and thus profits.

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Does Daylight Saving Time Actually Save Energy?

The United States followed Germany in adopting Daylight Saving Time in 1918 during World War I, but 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, there is evidence that worker productivity decreases when employees are robbed of an hour of sleep in the spring.

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Jake Arky and Andrew Lisa contributed to the reporting for this article.

This article originally appeared on GOBankingRates.com: The Real Cost of Daylight Saving 2023