1. INCREASED SPENDING
In 2016, JP Morgan Chase decided to look into the economic consequences of Daylight Saving Time (DST) by examining Los Angeles and Phoenix, two cities that are large, relatively close to each other, and have stable weather. Critically, Phoenix doesn't observe DST while Los Angeles does. Among their findings, DST was "associated with a 0.9 percent increase in daily card spending per capita in Los Angeles at the beginning of DST." Perhaps more surprising, the end of DST was associated with a per capita daily spending reduction of 3.9 percent.