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Lack of sleep costs Americans billions of dollars each year

A new report has assessed the financial impact poor sleep has in the United States at $411 billion per year. This is more than 2 percent of the country’s gross domestic product.

“Our study shows that the effects from a lack of sleep are massive. Sleep deprivation not only influences an individual’s health and well-being but has a significant impact on a nation’s economy, with lower productivity levels and a higher mortality risk among workers,” report lead author Marco Hafner said in a news release.

“Improving individual sleep habits and duration has huge implications, with our research showing that simple changes can make a big difference. For example, if those who sleep under six hours a night increase their sleep to between six and seven hours a night, this could add $226.4 billion to the U.S. economy,” he added.

Companies whom develop sleep assistive products (such as Re-Timer) notice a spike in demand during the cooler months of the year. “Many people notice their sleep and mood deteriorates during the winter months because the days are shorter, and people are not getting enough light to maintain a sound sleep cycle” said Ben Olsen, Director of Re-Timer.

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