If You are Texan and You Smoke You Could’ve Been A Millionaire
Our friends at WalletHub have done another study. This time they have broken down the cost of smoking by state.
Texas was ranked at #26 (right in the middle) on the cost of smoking compared to the rest of the states in the country.
The study found the financial cost for Texas is:
Out-of-Pocket Cost per Smoker – $113,738 (Rank: 26th)
Financial-Opportunity Cost per Smoker – $955,447 (Rank: 26th)
Health-Care Cost per Smoker – $159,324 (Rank: 25th)
Income Loss per Smoker – $223,286 (Rank: 29th)
Other Costs per Smoker – $18,321 (Rank: 51st)
Total Cost Over Lifetime per Smoker: $1,470,116
Total Cost per Year per Smoker: $28,826
Wow over a lifetime over 1 million dollars spent on smoking. The #1 state for the cost of smoking was Kentucky.
I'm not a smoker, but I have close family and friends that are, but it's their choice to smoke and frankly, it doesn't bother me like it does some other people. What I have realized is that they will only stop smoking when they want to and they are ready to give it up.
However, with that said, I just thought it was interesting how much money is spent in each state on smoking.