Wednesday, October 22, 2008

In This Economy, Can You Afford to Keep Smoking?

When simply filling up the gas tank and heating your home is busting people's bank accounts, to realize that you could be wasting up to $1200 a month of your hard-earned money on a habit that might one day kill you... yeah, that's rough.

Duke University (right on "Tobacco Road") did a study a few years back that found the real cost of cigarettes is about $40/pack.

Here's an excerpt from the article available at the link:

In their new book "The Price of Smoking," Duke University health economists calculated this sum by analyzing all the costs of smoking -- personally, to the smoker’s family and to society at large.

Their analysis found that the cost for a 24-year-old smoker over 60 years was $220,000 for a man and $106,000 for a woman, or a total of about $204 billion nationally over 60 years. The figures include expenses for cigarettes and excise taxes, for life and property insurance, medical care for the smoker and for the smoker’s family, and lost earnings due to disability.

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