A new study from the Centers of Disease Control and Prevention (CDC) revealed that excess of drinking or boozing is costing the US nearly a quarter of a trillion dollars every year.
Experts during the study calculated the factors starting from e-cost of healthcare, car crashes, crime, and alcohol-related deaths from 2006 to 2010, the target years of the study. After going through the data it was concluded that hangovers are the biggest culprit.
Excess of drinking cost around $77 billion in lost productivity at work, shows report. According to CDC, the findings presented in the report have raised several concerns pointing on the economic cost of heavy drinking which has increased significantly in past four years.
During the period of the study excess of drinking claimed around 88,000 lives in America. It was also found that one in ten deaths of working-age Americans was alcohol-related, and binge drinking.
The data also showed that drinking five or more drinks on one occasion for a man, or just four or more for a woman accounts for 7%, or $191 billion. In 2006, the cost of drinking on the US economy was $223.5 billion, or $1.90 per drink. On the other hand, in 2010 it was $249 billion with cost per drink raised to $2.05.
Robert Brewer, head of the CDC’s Alcohol Program, said, “The increase in the costs of excessive drinking from 2006 to 2010 is concerning, particularly given the severe economic recession that occurred during these years”.
According to CDC researchers, these numbers actually underestimate the real cost of drinking on the economy.
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