Skip to comments.This Is What the U.S. Spent on Firearms Last Year
Posted on 06/08/2019 3:29:37 AM PDT by JayCh
The gun industry has become popular in the last few years which is causing the United States to shuffle a lot of money in this field. So, the firearm industry in the U.S. fell around 6.1% in 2018 practically being in decline. However, there is still a lot of money that comes and goes in this business.
Revenue on the Defense Side
Arms sales are continuously changing in the US and along with that, so is the revenue that results from this business. In the National Shooting Sports Foundation, it was estimated that 13.1 million firearms were sold in 2018 compared to the 15.7 million that were sold in 2016. The numbers have gone down a lot, causing a great hole in the gun industry. The firearm business was literally shooting when Obama was president and went into a slump by the time his presidency came to an end. Along with the strict laws when it comes to gun control, the period that followed would show a rather uncertainty in regard to the future of guns.
However, even with these relatively strict laws, many retailers reported some slightly brisk sales mostly due to governor Gavin Newsoms promises during his campaign. After that slump, by the end of 2018, the new-gun sales rose by 14 percent. Most of this money was spent on defense firearms no matter if it was for the military or personal purposes. Many of these guns were sold to foreign governments as well, increasing the overall revenue
The Number of Guns Sold
While there were certainly some slumps caused by gun regulation, the gun industry is still not dying. According to research, gun sales managed to reach $11 billion in revenue which is a relatively high number, compared to when Trump first started off as the president.
A lot of this money also goes on securing the American gun and violence problem not just on guns alone. While a significant sum is spent on the firearms themselves, a lot of this revenue goes on indirect spending. Medical bills caused by firearms also cause huge costs to the American economy a lot of the money going into surgeries and equipment.
Most of these payments were made as a result of mass shootings which prompted the economy to step up the production even more. Along with the billions of firearms that were produced, the United States also had to invest in bulletproof backpacks and vests, along with training courses that would lower gun violence. These actually proved great for civilians, who did not know how to handle or protect themselves from a firearm. The Bottom Line
A significant amount of money went into the firearm business last year and not just because of the firearms themselves. Even with the occasional slumps in the business, investments still had to be made in direct and indirect situations from gun retail to gun-related medical issues.
When you have had all times high in sales a so called decline.
Really does not mean much.
More guns less crime.
Spend it fast but not on furious.
Adding in medical expenses? So ridiculous. That money goes to the medical industry. Of course, the media counts gang violence into the school shooting stats as well so, what do you expect.?
Normally, I dont see men as being huge wasters of money. However, this area can be a huge exception. I have seen men throw away so much money on firearms and ammo. Its like women and shoes for some guys. I say that, because I just really dont understand the hobby. Im a minimalist. Hey, spend on what you like. But damn I dont get it.
Note that the author does not provide a dollar figure as to the allegedly huge amount of money spent on medical bills because of guns.
I had to laugh about most of the gun purchases were for defense. I was not aware that there was a separate ledger for bangers who shopped at gun stores.
You almost have to factor out mass shootings to get any degree of accuracy. They are such freak incidents as to be anomalies, despite what dems want you to believe. They are not committed every day by white supremacists in MAGA hats.
guns beat blunt scissors
Buy it cheap, stack it deep.
You cant lose.
I have a hard time cutting stuff loose when prices are high.
Shoulda sold a bunch of stuff when Obama was in office.
quadruple that money
Well, my point was that you can lose. A lot of money. Ive seen men waste thousands of dollars on firearms and ammunition. I know of some who have spent tens of thousands of dollars. Sure, the weapons themselves have resale value, but the ammo is just wasted. Like I said, I just dont get it. Its a weird compulsive spending thing for some guys.
“...it was estimated that 13.1 million firearms were sold in 2018 compared to the 15.7 million that were sold in 2016.”
Darn...only 13.1 million. The industry has collapsed.
Not if you buy low.
Never buy when the market peaks.
Market is semi soft now
I have never done less than double my money.
I got an old sat night special 40 years back, its a POS, paid $40 for it new from the FFL guy.
Todays value? $120 and its a POS
Ammo is the same thing, buy it cheap stack it deep.
1600 rds for $89? buy it.
Its $100 a round now for 8mm mauser
Trump needs to open up the surplus market.
Better that we have it than the jihadis
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