HOME >> MEDICINE >> NEWS
Smoking hurts wealth as well as health, study suggests

COLUMBUS, Ohio Maybe packs of cigarettes should come with a new warning:

"Smoking is hazardous to your wealth."

A new study suggests that typical non-smokers' net worth is roughly 50 percent higher than that of light smokers and about twice the level of that of heavy smokers.

And that wealth gap grows by about $410, or 4 percent, each year that a person continues to smoke, said Jay Zagorsky, author of the study and a research scientist at Ohio State University's Center for Human Resource Research.

Federal statistics on cigarette spending suggest that the wealth reductions are roughly equal to how much smokers spend on their habit.

"We don't have any direct proof, but taking the study results and the federal statistics together, it seems that the money smokers spend on cigarettes comes out of income that normally would be saved," Zagorsky said.

"It may be that smokers spend as much as others on everything else, and pay for smoking out of potential savings."

The study was published in the current issue of the journal Tobacco Control.

The study used data involving about 8,900 people who participated in the National Longitudinal Survey of Youth, which is funded primarily by the U.S. Bureau of Labor Statistics. The NLSY is a nationally representative survey of people nationwide conducted by Ohio State's Center for Human Resource Research.

The people in this study were interviewed in 1985, 1992, 1994, and 1998 about a variety of issues, including smoking and wealth.

In this study, light smokers were defined as those who reported smoking less than a pack a day on average, while heavy smokers used more than a pack a day. Wealth included home values, cash savings, stocks, bonds, and auto values, among other assets. Outstanding debts were subtracted from that total.

The participants in this study were between 33 and 40 years old in 1998, the last year of this study, Zagorsky said.
'"/>

Contact: Jay Zagorsky
Zagorsky.1@osu.edu
Ohio State University
2-Feb-2005


Page: 1 2

Related medicine news :

1. Smoking causes cognitive impairment in adolescents
2. Smoking not linked to hearing loss
3. Smoking triggers early onset of pancreatic cancer
4. Smoking cessation can improve survival among patients with severe COPD
5. Smoking increases risk of colon polyps
6. Smoking affects same feel good brain chemical system as heroin
7. Smoking and the risk of rheumatoid arthritis
8. Smoking increases papillomavirus risk in HIV-infected women
9. Smoking linked to more than 60 percent of overall cancer death burden in black men
10. Smoking linked to accelerated cognitive decline in the elderly
11. Smoking linked to blindness

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:9/1/2020)... , ... September 01, 2020 , ... ... has completed $3 million convertible note financing, which will be used to accelerate ... the funds from this financing, the company will continue to expand its customer ...
(Date:8/31/2020)... ... August 31, 2020 , ... Cardiothoracic ... joining biomedical engineers from Carnegie Mellon University (CMU) to develop a new heart ... have undergone open heart surgery. , The AGH/CMU team was recently awarded a ...
(Date:8/31/2020)... ... August 31, 2020 , ... Want to get moving, break up your ... Foundation (CPARF) is thrilled to launch its fourth annual STEPtember campaign in the United ... STEPtember meets everyone wherever they are at this moment — encouraging people to move ...
(Date:8/31/2020)... ... ... pandemic and topsy-turvy economic outlook continues to put financial strain on many of us, so ... fat from our monthly expenses and put more into savings, if possible. , “That’s a ... financial safety net in place in case something were to happen to you,” says Lee ...
(Date:8/31/2020)... ... August 31, 2020 , ... Bonde Innovations, ... patients with advanced heart failure, today announced that the company has been awarded ... $555,358 from the National Heart, Lung, and Blood Institute of the National Institutes ...
Breaking Medicine News(10 mins):
(Date:8/26/2020)... (PRWEB) , ... August 26, 2020 , ... ... and in-home air purification systems kill Coronavirus. While air purification technologies, including GreenTech ... including SARS and even Ebola, no air purification system has published results of ...
(Date:8/26/2020)... ... August 26, 2020 , ... ... CHPCA, LNC has added CHC and CPCO to her name. , That’s thanks ... Healthcare Compliance (CHC) and the Certified Professional Compliance Officer (CPCO.) , The CHC ...
(Date:8/26/2020)... ... August 26, 2020 , ... ... of Claude E. Hooton as President and Chief Executive Officer effective immediately. Dr. ... of the company’s Board of Managers. , Mr. Hooton, a seasoned business ...
Breaking Medicine Technology:
Cached News: