As a counselor both in class and in online alcohol awareness classes my students and I often discuss the cost of alcohol and how much money they spend on a daily, weekly, monthly or annual basis on booze. As a side-bar to this discussion, we discuss how a huge increase in price might affect their drinking habits. This article will address the amount of cash spent on alcohol as well as how excise taxes on booze affect alcohol consumption.
Are You Kidding Me? I Spend That Much?
Believe me when you read this – if you drink alcohol regularly, you spend a lot of money on booze! This is true even if you drink cheap or inexpensive liquor.
In my alcohol awareness class last month one of my students, “Gene”, a 50-year-old construction worker swore he didn’t have a problem, and furthermore, didn’t spend much on alcohol. He wanted to “prove me wrong”. He only had a “couple” of drinks per day, always at night and “never” drinks and drives (he was taking the course for public intoxication). It turns out his two drinks are quite powerful, packing ½ pint of vodka in each. Drinking one $7 pint per day turned into $50 a week and $2,600 per year.
How Much Do You Spend?
To some, $2,600 in after tax money may seem like a lot. Another time I ask you to believe me, that is nothing compared to what most alcoholics spend! » Read more: Do Excise Taxes Curb Drinking?