The harmful effects of smoking are not limited to the health aspect, but it extends beyond the economic aspect as well, so let know more about the economic damages of smoking worldwide also the personal level.
WORLDWIDE ECONOMIC DAMAGES OF SMOKING
The World Health Organization (WHO) estimates that the global economic damages of smoking annually at more than $ 500 billion, and smoking drains approximately 15% of total healthcare expenditures in high-income countries, and the cost of drug treatment to stop smoking may reach $ 4,400, One of the most successful ways to reduce smoking is to increase taxes on tobacco, Moreover an increase in the price of cigarettes by 10% anywhere in the world reduces the prevalence of smoking by between 4% and 8%.
THE ECONOMIC DAMAGES OF SMOKING ON THE PERSONAL LEVEL
Smokers incur a large financial cost from smoking, As they spend a large sum on cigarettes every month, this amount may suffice to buy a plane ticket, or to do anything useful and valuable, and smokers also pay higher fees for health and life insurance, Because they are more likely to increase medical costs throughout their lives.