Many addicts and their families rue the negative effects addiction has on relationships and the health of the user. However, they forget one thing – the financial implications of the habit. The costs involved in maintaining addiction and the subsequent treatment costs are high. These aren’t the only costs; some come in indirectly as highlighted in this article.
Statistics show that substance abuse costs the nation over $600 billion annually. All forms of addiction, even the seemingly harmless ones, contribute towards this cost.
So, how much does one spend on an addiction? This depends upon the kind of addictive substance in use. The costs are also less during the first days of the addiction but rise as the user gets deeper into the habit. For example, the amount spent on one packet of cigarettes a day isn’t as much compared to two packets daily.
Individual costs are hard to determine, but experts estimate that a marijuana user spends over $1,000 a year while a heroin or cocaine addict can use ten times more.
There are a number of other costs involved in an addiction such as:
- Loss of Income: Addiction is a problem that puts your job in jeopardy. It is not unusual for you to lose your job when it is found that you are putting yourself or other workers at risk. You will end up losing your primary source of income and any other benefits that come with it. You might not lose your job, but you can end up becoming less productive than before. The way you perform puts you in contention for a promotion or a demotion. If you lose a promotion due to reduced productivity, you are also missing potentially better wages and a higher benefits package. These losses happen when you have a job. What if you drop out of school early due to addiction-related problems and never get a job in the first place? You stand to miss opportunities that would have come your way.
- Health Costs: Long-term addiction comes with health problems. You will pay lots of money to cover medical bills and an inflated insurance premium. Additionally, the insurance company can cancel your premiums.
- Other Costs: The risk of DUI convictions is high. You are also more likely to face divorce and home foreclosure, which complicate your finances further. Additionally, you face imprisonment, which impedes your ability to get a job.
What is the Solution?
To prevent further loss of income, you need to consider inpatient treatment for the addiction. Inpatient care requires that you stay at the facility for the period of treatment. You will be placed under close monitoring the whole time by health experts.
During treatment, you are most likely to experience withdrawal symptoms that you can’t manage on your own. Inpatient care keeps you within reach of an expert at any time to help you through this difficult time. Many facilities provide an aftercare program to assist you with securing a job and housing after you have finished the treatment program.