Behind The Blue

April 4, 2024 - Tyler Kleppe (Daylight saving time and finances)

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Sinopsis

LEXINGTON, Ky. (April 4, 2024) – Every year, more than 97% of Americans, and more than 1.6 billion people worldwide, move their clocks forward one hour in the spring — allowing for more evening light as part of daylight saving time (DST). Sure, that “spring forward” might make you more noticeably tired and cranky. But time is more than just numbers on a clock — it's a force that shapes our days, our routines and even our well-being. And according to Tyler Kleppe’s new research, that heavy-eyed feeling doesn’t just impact simple day-to-day tasks. In fact, the assistant professor in the Gatton College of Business and Economics at the University of Kentucky, has shown losing that hour is also affecting higher stakes decisions — like investing for one’s retirement. “Even if you're not directly involved in capital markets, our financial system is relevant to all of us,” Kleppe said. “That’s why it remains important to evaluate regulatory actions and continue asking if they are effective.” A number of studie