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States where smoking is most, least expensive over a lifetime: report
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The cost of smoking isn’t only about your health. It’s also about your finances.
According to the U.S. Centers for Disease Control and Prevention (CDC), about 34.2 million American adults smoke. The CDC estimates that smoking costs the U.S. more than $300 billion a year.
Of that amount, the U.S. is estimated to spend more than $225 billion in direct medical care and more than $156 billion in lost productivity because of early death and exposure secondhand smoke, according to the CDC.
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Smoking doesn’t just cost the U.S., the habit also has a high price for the individuals who smoke.
On Wednesday, WalletHub published a report that found how much it costs to be a smoker over the course of a lifetime in all 50 U.S. states and Washington, D.C.
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For its report, WalletHub "calculated the potential monetary losses…brought on by smoking and exposure to secondhand smoke," the report said.
Those possible financial losses included the cost of cigarettes, the financial opportunity cost – calculated with the amount a person would have earned if they had invested the cost of cigarettes, rather than spend it on cigarettes –, health care cost per smoker, income loss per smoker, and other costs per smoker.