While most naturally think of bail and bail bonds as a closed type of business that takes place between bail bond agents, incarcerated individuals and the court system, this isn’t actually the extend of the impact of this system. Bail and bail bond themes absolutely play a role in the overall economy and impact it in certain ways, including some beyond what you might normally think about when considering this subject.
At Beehive Bail Bonds, we’re proud to offer 24/7 bail bond services that not only help our clients secure release from jail, but also assist them in several notable financial ways while helping them remain active members of the economy – rather than locked in a cell where this isn’t possible. This two-part blog series will go over a number of ways that bail and bail bonds are connected to broader economic themes, plus some important financial areas to consider if you’ve been incarcerated or are a friend or family member of someone in this position and are assisting them with bail bonds.
The simplest way bail bonds play into a strong economy is their ability to keep people out of jail. As most of us are well aware, it’s very difficult or sometimes virtually impossible to be a productive member of any economy while sitting in jail – people have to miss work, can’t access bank accounts or money, and will have numerous other struggles. Especially in cases where you haven’t even been convicted of a crime yet, but are only accused of one, this often creates an unfair situation.
Luckily, bail bonds help in many such cases. They also help spouses or children of those who have been incarcerated, people who may depend on the person jailed for financial assistance. In some cases, these people will have to apply for public assistance as a result – which puts a burden on the economy. But if the defendant is able to be out of jail and still working during this period, many of these impacts are lessened or removed altogether.
Another unfortunate result of lack of employment, which can result from time spent in jail: People who are unemployed tend to commit more crimes. By forcing people into a system where they cannot hold their job because they don’t have the funds to secure release from jail, all that really happens is the situation gets worse for everyone.
Again, this is where bail bonds play a positive role. Not only does a bail bond show defendants that there are reasonable outlets available to them, it also provides a direct route to maintaining employment even following an arrest.
For more on how bail bonds positively impact the economy, or to learn about any of our bail bond agents or services, speak to the staff at Beehive Bail Bonds today.