Tuesday, February 27, 2024

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Q&A: Bad Economy and Gun Sales, How Do They Add Up?

I had this odd question about how gun sales are impacted by a bad economy. So I generated some research from the mainstream media. And this is what I found.

The firearm and ammunition industry has seen a significant increase in economic activity since 2008. According to the National Shooting Sports Foundation, the total economic impact of the firearm and ammunition industry in the United States increased from $19.1 billion in 2008 to $63.5 billion in 2019, a 232-percent increase.[1] This increase in economic activity has been attributed to a variety of factors, including increased demand for firearms and ammunition due to the rise of gun ownership in the United States.[2]

In addition to the economic impact of the firearm and ammunition industry, gun violence has also had a significant economic impact on communities. According to the Urban Institute, gun violence has had a negative impact on community-level economic health, with businesses being affected by the costs associated with gun violence.[3]

Finally, the arms trade has also had a significant impact on the global economy. According to Global Issues, some governments spend more on military expenditure than on social development, communications infrastructure and health combined.[4]

According the several mainstream media sources, that’s the overview of gun sales in a bad economy.

Sources:

  1. https://www.gameandfishmag.com/editorial/economic-impact-of-gun-industry-up-232-since-08/389983
  2. https://www.rand.org/research/gun-policy/analysis/gun-industry.html
  3. https://www.urban.org/policy-centers/justice-policy-center/projects/economic-impacts-gun-violence
  4. https://www.globalissues.org/issue/73/arms-trade-a-major-cause-of-suffering

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