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Missouri Ranks At The Bottom When It Comes To Costs Of Being A Smoker

All News RSS Feed Front Page News State News Thursday, January 11th, 2024

There are an estimated 28.3 million tobacco users in the U.S. with the economic costs of smoking totaling more than $600-billion per year.

But where does Missouri rank in that study put together by the personal finance website WalletHub.com?

Missouri overall came in at #50 in the study actually ranking 51st in out-of-pocket and financial-opportunity costs per smoker. Other rankings for Missouri included 27th in health-care costs per smoker, 39th in income loss per smoker and 16th in other costs per smoker.

Total cost per smoker over a year, according to WalletHub, came in just over $60,000 and more than $2.8 million over a lifetime.

 

***Full Report….

With the economic costs of smoking totaling more than $600 billion per year, the personal-finance website WalletHub today released its report on The Real Cost of Smoking by State, to help encourage the estimated 28.3 million tobacco users in the U.S. to kick this dangerous habit.WalletHub calculated the potential monetary losses — including the lifetime and annual costs of a pack of cigarettes per day, health care expenditures, income losses and other costs — brought on by smoking and exposure to secondhand smoke.The Financial Cost of Smoking in Missouri (1=Lowest, 25=Avg.):

  • Overall rank for Missouri: 50th
  • Out-of-Pocket Cost per Smoker – $115,282 (Rank: 51st)
  • Financial-Opportunity Cost per Smoker – $2,053,449 (Rank: 51st)
  • Health-Care Cost per Smoker – $176,118 (Rank: 27th)
  • Income Loss per Smoker – $527,412 (Rank: 39th)
  • Other Costs per Smoker – $12,060 (Rank: 16th)
  • Total Cost Over Lifetime per Smoker: $2,884,320
  • Total Cost per Year per Smoker: $60,090

To view the full report and your state or the District’s rank, please visit: https://wallethub.com/edu/the-financial-cost-of-smoking-by-state/9520

All News RSS Feed Front Page News State News Thursday, January 11th, 2024

Reporter Mike Anthony