Wednesday, August 17, 2005

New Study: NonSmokers' Net Worth 50% Higher Than Smokers [02/03/05]

Sure it is a tad dated, but the message can not be repeated enough: smoking is awful for both your physical and your financial health. Please do not smoke!

New Study: NonSmokers' Net Worth 50% Higher Than Smokers [02/03/05]: "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. "

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