The true price of smoking, through the figures

Exactly what a pack of cigarettes actually expenses, from a cost-benefit angle, is quite striking, suggests Lab Spaces. A study by Spain’s University of Cartagena (UPCT) shows the average per pack cost (€3 to €4, or $ 4.18 to $ 5.57) is to be expected, however the real cost amounts to €107 ($ 149) for men and €75 ($ 105) for women on a per pack basis. It’s frightening. The UPCT came about those latter figures via a cost-benefits path that should jolt numerous people into action to regain control of their finances and their lives. Source of article – The true cost of a pack of cigarettes by Personal Money Store.

Early passing away is the actual price of a pack of cigarettes

UPCT researcher Angel Lopez Nicolas said that “The price one pays for each pack of cigarettes at a newsstand is only a really small price of the true price that smokers pay for their habit.” Mortality costs are associated with tobacco which really raises the risk of passing away. A metric called the Vale of a Statistical Life (VSL) was devised to analyze the issue from a cost-benefit standpoint. Annually, the average price which smokers are “prepared to pay in order to cut back their risk of death” is €3.78 million ($ 5.26 million) for smokers, compared with €2.91 million ($ 4.05 million) for non-smoker, said López Nicolás.

Next Lopez explains, “one must not confuse the price of early passing away with the price of healthcare. The expense of premature passing away is borne through the smokers themselves.” That’s a cost no payday loan or similar short term installment loan could adequately cover.

What you spend on smoking

Many think that self control devices for smokers, like taxes and anti-smoking legislation, are optimistic. The UPCT study weighs both the social benefits of smoking deterrence and also the deficit of “well-being losses.” In the end, researchers found the well-being cuts to be substantially greater than what numbers in the study could suggest.

Information from

Lab Spaces

labspaces.net/106891/Real_price_of_each_pack_of_cigarettes_is_more_than_____euros