Binge Drinking Is Costing The U.S. Economy $249 Billion Per Year

Binge Drinking

The U.S. economy is feeling hungover these days and it’s tied directly to excessive binge drinking, according to new research by the U.S. Centers for Disease Control.

The CDC says excessive drinking cost the U.S. economy $249 billion in 2010, or $2.05 per drink. That number is slightly higher than the $223.5 billion cost it calculated for 2006.

Costs were mostly attributed to reduced workplace productivity, crime, and the cost of treating people who excessively drink.

Binge drinking is defined as consuming five or more drinks at a time for men or four or more drinks on one occasion for women. Binge drinking was blamed for 77 percent of the overall economic costs.

The CDC says excessive alcohol consumption is responsible for an average of 88,000 deaths each year, including one in 10 deaths among Americans between the ages of 20 and 64.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.