top of page
PWM-wo-Tag-Final.jpg

Spring forward, fall back.

  • Writer: Jim Parks, CFP, AIF
    Jim Parks, CFP, AIF
  • Mar 22, 2022
  • 2 min read

If you live in a state with daylight savings time, this may be the mnemonic device you use to remember that clocks gain an hour in March and lose an hour in November.

The idea of daylight savings time was touted by Ben Franklin, but it didn’t really catch on until World War I, reported The Economist. At that time, Britain, France and Germany decided that adding an extra hour of daylight would reduce coal usage and help the war effort, so they moved clocks forward for several months.

Changing time isn’t popular today. A survey taken in the U.S. last November found that, overall, about six in 10 Americans would prefer not to have a time change, reported Kathy Frankovic of YouGovAmerica.

Last week, the U.S. Senate unanimously passed the Sunshine Protection Act, a bill that would make daylight savings time the new permanent “standard time”. If the House of Representatives agrees the U.S. will have later sunsets all year round, beginning in 2023.

There may be economic advantages to adopting daylight savings time. Economists say that restaurants, retail stores and leisure businesses benefit from longer days, reported Angel Adegbesan of Bloomberg. There could be some disadvantages, too. Randyn Charles Bartholomew of Scientific American explained:

“Our wakefulness is governed by a circadian rhythm inside us linked to the solar cycle. Although many sleep researchers approve of ending the clock changes, they prefer the use of standard time… Less sunlight in the morning makes it harder for us humans to get started in the day, and more sunlight in the evening makes it harder to get to sleep. Darkness is a signal…that it’s time to start producing more melatonin, which is our body’s cue to lower internal temperature and start feeling sleepy. Early morning light…cause our bodies to stop melatonin production so we can feel wakeful throughout the day.”

That may be why making daylight savings time permanent was so unpopular the last time Congress did it, in the 1970s. The law was repealed after 16 months.

 
 
 

留言


Legal 

No strategy assures success or protects against loss. Diversification does not protect against market risk. Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.

 

All content is developed from sources that are believed to provide accurate information. The information provided in these materials is not intended to be tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and the materials provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Five Star Professional Wealth Manager Award based on 10 objective criteria associated with providing quality services to clients such as credentials, experience, and assets under management among other factors. Wealth managers do not pay a fee to be considered or placed on the final list of 2012-2024 Five Star Wealth Managers.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Parks Wealth Management are separate entities from LPL Financial. 

The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: AZ, CA, CO, CT, DE, FL, GA, HI, IL, IN, KY, MA, MD, ME, MI, NC, NH, NJ, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV.

Contact

  • Facebook
  • LinkedIn Social Icon
  • LinkedIn Social Icon

Parks Wealth Management

 

Office: (201) 689-2020

Fax:(201) 689-6850

 

148 Prospect Street
Second Floor 
Ridgewood, NJ 07450

info@parkswm.com

Check the background of this firm on FINRA's BrokerCheck.

LPL Financial Form CRS

bottom of page