Economic Costs of Smoking

Consumer money spent on such products amounted to an alarming $90 billion in 2010. Out of these 90 billion, $83.6 billion was contributed by cigarettes, $3.2 billion was spent on cigars and the rest was spent on smokeless tobacco.

At a Glance:
Statistics show that in the year 2011, the U.S spent roughly $12.4 billion on the advertising of tobacco products. The amount was reduced from the $13.1 that was contributed to the same purpose in 2010 but what comes as a shock was that it was double the amount that was spent on marketing in 2010.

Smoking is no longer a taboo in our society. In spite of the health-conscious society we are living in, the sad part is that smoking is emerging as a prevailing trend with endless individuals across the globe succumbing to it.

Shedding some light on the smoking facts, the devastating truth is that United States alone is spending million of dollars on tobacco products. This is not only costing the country a surge in the medical expenses but is also reflecting negatively on an individual’s work productivity.

With an estimated 46 million people smoking in United States alone, the cigarette manufacturing companies are making more money than ever before. According to statistics, manufacturers of tobacco products spent $34 million on marketing the previous year.

Consumer money spent on such products amounted to an alarming $90 billion in 2010. Out of these 90 billion, $83.6 billion was contributed by cigarettes, $3.2 billion was spent on cigars and the rest was spent on smokeless tobacco.

What further alarms one is that tobacco is grown in about 21 states of the United States. The two major contributors of produce are the states of North Carolina and Kentucky. The tobacco produced in these two states accounts to about two-thirds of that grown in the entire country.

As far as the purchase of cigarettes is concerned, about 315 billion cigarettes were purchased with three major companies making 85% of the sales. Philip Morris USA sold 148.7 billion cigarettes. Reynolds American Inc. sold 81.6 billion cigarettes and 35.5 billion cigarettes were sold by Lorillard. The rest 15.7% was sold by other companies like USA Gold, American Spirit, Eve etc.

With such high sales, it is apparent that smoking will also influence the economic costs. An eye-opener was the fact that in a period of merely five years, from the year 2007 to 2011, smoking cost economic losses for about $193 billion related to health in United States. These losses came into effect as a result of medical expenses and lost productivity.

Another fact about cigarette smoking was that the economic cost associated with a single packet of cigarettes was found to be approximately $11 in United States. In addition, those falling prey to death as a result of this detrimental addiction have alarmingly reached the figure of 5.1 million. What further worsens the condition is that a steep rise can be observed in the economic costs of smoking. It is important to take effective measures immediately to avoid any irrevocable damage.

In a nutshell, smoking is not a viable habit to sustain. Not only does it sabotage you physically and financially but also causes grief to your loved ones. Consider quitting smoking today as it is better to be safe than sorry.

Great Quotes to Help Quit Smoking

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Great Quotes to Help Quit Smoking

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