Car accident fatality rates are often linked to the state of the economy. As the US economy improves, experts are already identifying a perceptible increase in the number of people being killed in accidents.
The logic linking a higher risk of accidents to an improved economy is fairly simple. When the economy is good, people tend to drive more, and more numbers of vehicle miles traveled simply translates into a higher risk of accidents. With more vehicles on the road there is a much higher risk of collisions.
It is not just the higher number of people on the roads that increases crash risks, however. It’s also the fact that people tend to drive more for recreational purposes when the economy is doing great. For instance, people are likely to travel more on holiday or go out for dinner in a good economy, compared to a distressed economy. Interestingly enough, people are also likely to drive faster when the economy is good.