Credit Summit Releases Latest U.S. Arms Sales Statistics

More than 18 million firearms were sold in the United States last year, trailing only 2020, when sales topped 21 million.

AUSTIN, TX, USA, Aug 26, 2022 /EINPresswire.com/ — 2021 was the second-highest year on record for gun sales, according to new data compiled by myCreditSummit.com.

More than 18 million firearms were sold in the United States last year, trailing only 2020, when sales topped 21 million.

As gun violence in the United States continues to dominate the headlines, Credit Summit has compiled a list of key gun sales figures, including sales figures by state and demographic breakdowns.

On August 24, the Uvalde Consolidated Independent School District voted unanimously to fire Pete Arredondo, the police chief in charge of law enforcement’s response to the May 24 shooting at Robb Elementary School. in Uvalde, Texas. On the same day, three mass shootings were reported across the United States, killing three and injuring 13.

So far in August, 43 Americans have been killed and 174 injured in 46 reported mass shootings.

Over the years, US gun sales and ownership trends have changed dramatically. To put this into perspective, key findings include:

— After hitting record sales levels in late 2020 and early 2021, the firearms market has begun to decline.

— The global firearms and accessories market was worth $6.14 billion in 2019 and is expected to reach $9.33 billion by 2027.

— Personal protection ranks first on the list of reasons gun owners own a gun.

— As Americans buy more guns, the demographics of gun owners are changing.

— According to the data, there have already been 28,964 gun deaths in the United States so far in 2022.

Read the full report and see the latest statistics on mycreditsummit.com/gun-sales-statistics

Credit Summit provides expert financial advice to those who need it most, so they can reach new heights. Specialties include advice on debt management, credit cards, loans, bankruptcy and industry statistics.

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Carter Seuth
Credit Summit
(469) 554-9558
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