Alcohol abuse is known to come with a number of health and legal costs, but have you considered the financial costs of drinking alcohol? The truth is that some people don’t realize just how much money they spend on drinking per year because it’s very easy to order a glass of wine with dinner or to have a beer when out at a sporting event. In time, however, these costs can add up quickly, leaving many people out hundreds or even thousands of dollars per year.
How Much Money is Spent on Alcohol Per Year?
The amount of money spent on alcohol per year differs, especially when you take into account the varying costs of different drinks and brands. Additionally, some people drink much more than others, so it can be difficult to pin down individual figures. One way for you to find out your own personal costs is to keep track of your spending by either writing down your alcohol purchases as you make them or by totaling everything up at the end of the month. If you purchase alcohol along with other items, like groceries, you may want to keep track as you go unless you want to spend time looking through receipts each month to try to tabulate your costs.
How Much Does Alcohol Cost?
Another way to track your drinking expenditures is to consider the cost of your drink of choice. For some people, a six-pack of beer might run around five dollars, but for others, a six-pack of craft beer might cost north of 10 dollars. Wine can also vary greatly in price as some bottles might cost under 10 dollars while others can cost hundreds of dollars. Likewise, liquor from a store brand can cost a few dollars, but notable brands can charge much more. The size of the bottle can also be a factor in determining the price of liquor.
How Much Does the Average American Spend on Alcohol?
The Bureau of Labor Statistics provides some detail regarding how much money is spent on alcohol each year by Americans. Its findings conclude that the average American will spend approximately one percent of an annual gross income on alcohol purchases. This works out to around $565 per year. Over a few decades, you can see how this can quickly add up into the tens of thousands of dollars. Another thing to consider is your location in America when it comes to alcohol spending. In some American cities, drinks are much more expensive at nightclubs and bars, while in more rural communities, drinking alcohol while out with friends or family can cost much less.
How Much Does an Alcoholic Spend Per Year on Alcohol?
Although the average American might spend several hundred dollars on drinking per year, someone who drinks alcoholically may spend a lot more. Alcoholics are people who typically depend on alcohol for mood enhancement, and in time, to stave off withdrawals. This means that they may need a constant supply of alcohol in order to function, leading to greatly increased costs. As the condition worsens, an alcoholic could be spending thousands of dollars per year on alcohol, even by drinking what would be considered inexpensive brands.
Because alcoholism is a progressive disease, intervention may be required to end the cycle of alcohol abuse. For those struggling with alcohol or drug problems, Pathways Recovery Center offers a variety of recovery solutions, including 12-step programs, to assist in the treatment of substance abuse. To learn more about how you can live your best life and be free from struggles with addiction, click here now. You can also call [phone] to speak with a substance abuse treatment professional about detox and recovery solutions designed to address your unique needs.