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How Do the Expenses of a Smoker Look Like

January 21, 2015 By Jack M. Robinson Leave a Comment

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How Do the Expenses of a Smoker Look LikeHow do the expenses of a smoker look like? How much does is cost and what does it imply? And most of all, what is the real price of it?

A new research made by WalletHub, CBS’ “MoneyWatch” , in the state of California, assumed that one smoker uses on average one pack of cigars a day, from the ages 18 to 69 (that means 51 years of lifetime) this last one being the median age of death for smokers nowadays. The calculations were made to see what would be the amount of money saved by those who don’t do it, in favor of cigars. The result is an exact and breathtaking number: $1,508,790. It has been compared to the costs of raising a child in that same period of time, which would be $241.080, six times smaller.  Tobacco costs only will take $1,062,735 away from you just to turn tobacco into dense smoke. In comparison with healthcare, which is valued at $188.368, it’s pretty ferocious. In addition, the income lost because of the vicious custom can actually buy a house anywhere in this world.

Drawing the line, the Tobacco-Free Awareness Week succeeded in finding out the exact amount of money that Americans spend on smoking, all 60 million of them. The price is right: $301 billion a year.

As a curiosity, the state that is spending a gianormous volume of money on cigars is Alaska ($2.03 million/smoker) and the lowest costs were found in South Carolina ($1.01 million/smoker).

California was classed on the 35th place but was also advised to move forward with their control policies. A new American Lung Association report presented the situation in California as follows: the state earned a “B” grade because it has smoke-free air policies, a “D” grade in deficient coverage of smoking stoppage and treatment assistance and a “F” grade for unsatisfactory tobacco prevention.

In New York, the price of cigars for one is $146.127. In here, 16.1 percent of the population has this habit, which means more than 1 million people who are more than 18 years old. As a consequence, smoking is the leading cause of death in the Big Apple. In 2013, about 12.000 New Yorkers died of an illness that was caused by smoking: lung cancer, heart disease, etc.

Finally after completing the research and making the result public, WalletHub spokesperson Jill Gonzalez said that

“It’s right around that resolution season, so if the health reasons weren’t enough for you, hopefully these financial reasons will really be an awakening.”

Image Source: HypnoHarmony

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Filed Under: Health Tagged With: california study about smoking prices, smokers from 18 to 69 spend a lot on cigars, tobacco expenses as compared to healthcare costst, wallethub researsh about smoking

About Jack M. Robinson

Jack enjoys keeping abreast of everything connected to economic indicators. A School of Journalism, Michigan State University graduate, he loves covering monetary policy and company financials and has a particular interest in writing about the latest gadgets.

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