Coulda had a Rolex and a Mercedes! Smokers spend $166,000 on cigarettes during their lifetime
Smokers spend enough on cigarettes over their adult lifetime to buy four brand-new family cars, two round-the-world cruises, or make down payments on two houses.
Alternatively, that money could also go towards 15 luxury Rolex Submariner watches or Hermes Birkin handbags, with some cash still left over!
The study of 2,000 adults in the United Kingdom who use nicotine products — including cigarette smokers — finds that 67 percent admit they know they are wasting money, but three-quarters have already failed in their attempt to quit. Of those who want to quit, 74 percent say money is their main motivation, just ahead of improving their health (72%).
Cigarettes are the main source of nicotine, with the average smoker spending $2,685 on cigarettes a year, adding up to a staggering $166,739 over an adult lifetime.
“It’s surprising to see these figures laid out in front of you in this way,” says Christian Woolfenden, managing director of Philip Morris Limited, which commissioned the study for Unsmoke UK, in a statement.
“Most people would be delighted with a cash boost of more than $100,000—but seeing it slip away bit by bit on cigarettes is avoidable by quitting. There are still over six million smokers in the UK, but there are lots of resources to help.”
Scroll down to see the 9 biggest health risks from smoking cigarettes
As part of the research, the survey also polled users of vapes, nicotine pouches, and heated tobacco. It emerged that those who use disposable vapes spend an average of $1,389 a year on the product — significantly less than the $2,685 smokers spend on cigarettes. During the average adult lifetime, this would equate to a total of $86,087. The average annual bill for nicotine pouch users is $1,947, with their lifetime balance reaching $120,913.
While those who use heated tobacco tend to spend up to $43.10 worth of the product each week — which would work out to be a total of $139,053 during their adult years — again, less than cigarettes. It also emerged that those who have tried to quit nicotine in the past have attempted to do so an average of five times each — with one in 20 even trying 11 to 15 times.
Nearly half of British smokers (47%) were not aware that as of March 15, prices for a pack of 20 cigarettes are due to increase. Once they found out, 45 percent were more inclined to try and stop smoking once and for all. Nearly three in 10 (29%) have been asked to stop smoking in the last 12 months by their partner. Meanwhile, 22 percent have fielded requests from parents and children and another 20 percent have been advised by a medical professional to kick the habit.
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I quit smoking in 1982 when they went up to $1.00 a pack in the U.S. I was smoking 3 packs a day at the time and if I could quit, anyone can. Just take each day, each week as it comes and before you know it, 41 years pass without you smoking one cigarette. It's not easy when you're that addicted but it's do-able. Now I can't believe I used to be a smoker and only think of them if something passes my vision about them, like now. Now there's every reason not to smoke since we all know they're lethal, but they're also now lethal financially.