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Politics in States and Communities15th EditionSusan A. MacManus, Thomas R. Dye 177 solutions In 2019, the largest tobacco companies spent $8.2 billion marketing cigarettes and smokeless tobacco in the United States. This amount translates to about $22.5 million each day, or nearly $1 million every hour.1
Although U.S. tobacco production has decreased significantly since the 1980s (from nearly 180,000 tobacco-growing farms to about 10,000 in 2012), the United States continues to be a leading producer of tobacco leaves.4
Increasing the price of tobacco products is the single most effective way to reduce consumption.13
Page last reviewed: July 26, 2022 To receive email updates about Smoking & Tobacco Use, enter your email address: How do tobacco products affect the finances?More than $240 billion in healthcare spending, Nearly $185 billion in lost productivity from smoking-related illnesses and health conditions, Nearly $180 billion in lost productivity from smoking-related premature death, and, $7 billion in lost productivity from premature death from secondhand smoke exposure.
How does smoking affect a person financially?The cost of smoking cigarettes is not only a daily financial cost, it can lead to higher costs for health and life insurance, high health care costs due to smoking-related diseases, and exposes your loved ones to the harmful chemicals in cigarette smoke that have negative impacts on their health.
What is the effect of higher prices in the market for cigarettes?As cigarette prices increases, smoking cessation among young people increases.
What are the costs of smoking?If you are a smoker, you'll know smoking is expensive! Imagine how much money you could save if you stopped. We are not talking small amounts here – someone smoking a pack a day spends about $238 a week on cigarettes, which is over $12,400 each year.
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