Friday, February 6, 2015

Average Texas Smoker Spends $1.5 Million on Habit in His or Her Lifetime

Smoking tobacco shortens lifespans and causes chronic health problems. But it also hurts your pocketbook ― in a big way. WalletHub calculated the average smoker in Texas spends nearly $1.5 million on costs associated with tobacco use in his or her lifetime. These costs include:

  • Tobacco cost per smoker: WalletHub calculated the cost of a pack of cigarettes a day for 51 years, plus the lost income from potential investments that could have been earned with that money.
  • Health care cost per smoker: Health care costs from a lifetime of tobacco use, taken from calculations by the Centers for Disease Control and Prevention.
  • Income loss per smoker: Lost income, based on a study revealing smokers earn 8 percent less than their nonsmoking peers due to their habit.
  • Other costs per smoker: This includes costs associated with secondhand smoke and missing out on the homeowner’s insurance credit entitled to nonsmokers. 

To reduce tobacco’s toll on Texas, the Texas Medical Association advocates for adequate funding for comprehensive, statewide tobacco control and for regulation of e-cigarettes as tobacco products, including prevention of youth access. Read more in Healthy Vision 2020 Second Edition: Caring for Patients in a Time of Change.

The Financial Cost of Smoking by State, Ranked

Source: WalletHub

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