This Industry Is Having Its Best Year Ever

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

7 New Year’s Resolutions to Make With Your KidsFamily

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Tasty Alcohol-Free Drinks That Adults Will LoveFamily

10 Simple Money Moves to Make Before the New YearFamily

Could Your Pet Benefit From Marijuana-Laced Treats?Family

Gun sales are booming in America. Find out how many guns are being sold and what's behind the surge.

We called 2015 the “Year of the Gun” in the United States. But so far in 2016, the guns and ammunition industry is making a killing and could far surpass last year’s record firearms sales.

The Federal Bureau of Investigation conducted 1,853,815 background checks for potential gun buyers in August, according to CNN Money. That’s a 6 percent jump from August 2015.

But it’s not unusual for 2016. CNN Money says the FBI has conducted a record number of background checks every month this year, paving the way for 2016 to be the biggest year ever for firearm sales.

This follows a record-breaking year for gun industry in 2015 as well. The FBI performed a record 23.1 million firearm background checks last year. The previous record (21 million) was set in 2013.

Although a background check doesn’t necessarily indicate that a firearm is sold, the checks are suggestive of gun sales volume.

Smith & Wesson says it had a 40 percent jump in quarterly firearm sales for the first quarter of 2016. Ruger also experienced a spike in gun sales, a 19 percent increase, says CNN Money.

The well-publicized mass shootings of recent years, concern over tightening of gun control laws and political uncertainty at the federal level appear to be driving the surge in gun sales in the U.S.

“The economic growth America’s firearms and ammunition industry has experienced over the years has been nothing short of remarkable,” the National Shooting Sports Foundation wrote in its Firearms and Ammunition Industry Economic Impact Report for 2016.

What do you think about the jump in gun sales in the U.S.? Share your comments below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 8 Ways to Get Your FICO Score for Free

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,918 more deals!