While Americans complain this week about losing an hour of sleep due to Daylight Saving Time, a new report claims that the U.S. economy lost nearly half of a billion dollars due to the archaic tradition.
The Carpenter Co. commissioned the group Chmura Economics & Analytics to conduct a study, entitled 'Estimating the Economic Loss of Daylight Saving Time for US Metropolitan Statistical Areas.'
RT.com reports that the total price of pushing the clock an hour ahead is about $433,982,548, according to the study.
The study also claims that the Daylight Saving Time change is linked 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.”
West Virginia was hit the hardest with more than $3.5 billion annually of its gross state product coming from coal miners. Also hit hard was the Kingsport-Bristol region near the Tennessee/Virginia border and parts of Florida.
At number 349 on the list of cities hit hardest by Daylight Saving Time was the Washington D.C. metro area, which includes parts of Maryland and Virginia.