Hangovers Cost America About $160B! From Lost Productivity
on 08/07/13 at 9:50 amBooze News
The Fourth of July is beer’s annual breakout party, with weekly sales often surpassing $1 billion around Independence Day. So when the Fifth of July falls on a weekday like this year, employers are advised to, well, manage their expectations.
Excessive drinking costs the economy more than $220 billion — or about $1.90 per drink, according to the Center for Disease Control and Prevention, which studies the negative externalities of alcohol consumption each decade. Seventy-two percent of the costs came from lost workplace productivity, according to the 2006 survey, which suggests that the economic drag from hangovers is about $160 billion (… also the total cost of natural catastrophes in 2012.)
Or think of it this way. Americans have about 117 billion alcoholic drinks each year. Hangovers cost us about $1.37 for each drink in lost productivity.