Do businesses lose after clocks turn back? Americans spend less, study shows #DetroitNews

Sarah Ponczek Bloomberg - The clocks turn back this weekend, giving most Americans an extra hour to cash in on sleep. But new research finds they tend to spend less money with fewer hours of daily sunlight. A study by J.P. Morgan Chase Institute compared purchases by credit and debit card users with its parent bank in two southwest U.S. cities: Los Angeles, which adjusts in and out of daylight saving time, and Phoenix, which follows mountain time year round. Los Angeles saw a 0.9 percent increase, relative to Phoenix,

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