Economic effects of smoking
- Economic effects of smoking
While most smokers are aware of the effects that cigarette smoking has on their health, some might not realize the devastation that smoking does to their wallets. While the cost of cigarettes may vary from state to state, packs can be as expensive as $5 per pack; this amounts to $1,638 per year for a pack-a-day smoker! [4. http://articles.moneycentral.msn.com/Insurance/InsureYourHealth/HighCostOfSmoking.aspx]
This doesn’t include the huge differences in health insurance costs, which are higher for smokers because of the risk involved in insuring them. Smokers are more likely to suffer from cancer, heart disease, respiratory infections, and numerous other health ailments, and as a result, the average smoker may incur up to $19,000 in additional medical expenses over the course of his or her lifetime. Smokers take more sick days, retire earlier, and in some cases earn lower wages than their non-smoking counterparts. [5. http://www.treas.gov/press/releases/reports/tobacco.pdf]
1. Smith, Hilary. "The high costs of smoking". MSN money. Retrieved 10 September 2008 from http://articles.moneycentral.msn.com/Insurance/InsureYourHealth/HighCostOfSmoking.aspx
2. U.S. Department of Treasury. "The Economic Costs of Smoking in the United Statesand the Benefits of Comprehensive Tobacco Legislation". Retrieved 10 September 2008 from http://www.treas.gov/press/releases/reports/tobacco.pdf
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