The economy of Lutts is mainly agricultural. However, there is a growing insurance industry that has been established in the area.
History
Little is known about origins except for the community of Pinhook which used to be the entire eastern section of the town.
Tornado
On the evening of December 23, 2015, an EF-3 tornado destroyed over 20 buildings in the Lutts community, including Lutts United Methodist Church and the United States Post Office. Postal operations are temporarily relocated to the office in nearby Collinwood, Tennessee. The Methodist Church will be temporarily relocated to the fire hall.[3]