Study: Smoking costs U.S. over $600 billion yearly, with per smoker costs ranging from $3.1M to $5.4M by state.

WalletHub's recent study reveals that smoking costs the U.S. over $600 billion annually, with significant individual financial burdens. In New Jersey, smokers spend nearly $94,000 over a year, while over a lifetime, the cost can reach almost $4.5 million. Minnesota ranks seventh, with a per smoker cost of $4.7 million, including out-of-pocket, financial opportunity, healthcare, and income loss costs. New York is the most expensive state at $5.4 million, while South Carolina is the least, at $3.1 million. The report emphasizes that increasing tobacco prices can reduce demand and advocates for stronger cessation programs and policies.

2 months ago
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