Economy

U.S. arms sales nearly double

U.S. arms sales double despite crisis

Although more than half of buyers are white, there is an increase in interest in guns across all racial groups.

U.S. arms sales are up 95 percent in the first half of the year and ammunition sales are up 139 percent over the same period last year..

This is stated in a new study by the National Shooting Sports Foundation (NFSS).

In the first six months of this year, retail sales across the country recorded a record 10.3 million firearms deals, according to the fund..U.S. arms sales nearly double Growth in ammunition sales was reported by 92 percent of retailers, and sales of firearms by 87 percent..

The study notes that white men make up more than half (55.8 percent) of buyers of weapons and ammunition. White women 16.6 percent, Black men 9.3 percent, Black women 5.4 percent, Hispanic men 6.9 percent, Hispanic women 2.2 percent, Asian men 3.1 percent, Asian women – 0.7 percent.

“The largest increase in sales came from black men and women, which accounted for 58.2 percent in the first six months of 2020 compared to the same period last year,” said Jim Kurkuruto, director of research and development for the market..

White men and women ranked second in terms of growth in interest in weapons and ammunition (51.9 percent), followed by Hispanic men and women (49.4 percent), followed by Asian men and women (42.9 percent)..

“The bottom line is, there has never been such a sustained surge in sales that we are seeing now,” added Kurkuruto..

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