The real cost of cigarette smoking, by the numbers

Exactly what a pack of cigarettes really costs, from a cost-benefit angle, is quite striking, suggests Lab Spaces. According to Spain’s Polytechnic University of Cartagena (UPCT), an average €3 to €4 pack ($ 4.18 to $ 5.57, approximately) really costs €107 ($ 149) for men and €75 ($ 105) for women. The UPCT came about those latter figures via a cost-benefits path that ought to jolt numerous people into action to regain control of their finances and their lives. Article source – The true cost of a pack of cigarettes by Personal Money Store.

A premature passing away will take place with cigarettes

Angel Lopez Nicolas, a UPCT researcher, explained 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.” Tobacco use raises the risk of death in smokers, and there are actual mortality costs associated. The cost-benefit standpoint had been analyzed by a metric called the Vale of a Statistical Life (VSL). Annually, the average price which smokers are “prepared to pay in order to lower their risk of death” is €3.78 million ($ 5.26 million) for smokers, in contrast to €2.91 million ($ 4.05 million) for non-smoker, said López Nicolás.

Lopez also states, “one must not confuse the price of premature passing away with the expense of healthcare. The expense of premature passing away is borne by the smokers themselves.” That’s a cost no payday advance or comparable short term personal loan could adequately cover.

What you pay for cigarette smoking

Factors like taxes and anti-smoking legislation as it applies in public areas are considered to be positive self-control devices for smokers. There is a study with the UPCT. It weighs the benefits of smoking deterrence and the deficit that comes with “well-being cuts.” The study showed that smoking wasn’t worth it. The benefits were not as great as the loss of well-being consequence.

Information from

Lab Spaces

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