Study: Smoking Costs the Average SC Smoker $1.7 million+ Over a Lifetime

Personal finance website WalletHub last week released its report on “The Real Cost of Smoking by State” and they estimated that South Carolina smokers spend over $1,775,882  over their lifetime. This is an increase of $525,995 from last year’s study.

To encourage the estimated 34.2 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 cigarette pack 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 South Carolina (1=Lowest, 25=Avg.):

• Out-of-Pocket Cost per Smoker – $94,958 (Rank: 7^th)
• Financial-Opportunity Cost per Smoker – $1,058,666 (Rank: 7^th)
• Health-Care Cost per Smoker – $124,602 (Rank: 10^th)
• Income Loss per Smoker – $485,801 (Rank: 10^th)
• Other Costs per Smoker – $11,855 (Rank: 26^th)
• Total Cost Over Lifetime per Smoker: $1,775,882
• Total Cost per Year per Smoker: $36,998

To see the full report, click here.

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