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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
HealthAlcohol

This is how much binge drinking costs the U.S. economy

By
Chris Matthews
Chris Matthews
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By
Chris Matthews
Chris Matthews
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October 16, 2015, 2:39 PM ET
Burgeoning Craft Beer Industry Creates Niche Market For Limited Release Beers
SANTA ROSA, CA - FEBRUARY 07: A Russian River Brewing Company customer takes a sip of the newly released Pliny the Younger triple IPA beer on February 7, 2014 in Santa Rosa, California. Hundreds of people lined up hours before the opening of Russian River Brewing Co. to taste the 10th annual release of the wildly popular Pliny the Younger triple IPA beer that will only be available on tap from February 7th through February 20th. Craft beer aficionados rank Pliny the Younger as one of the top beers in the world. The craft beer sector of the beverage industry has grown from being a niche market into a fast growing 12 billion dollar business, as global breweries continue to purchase smaller regional craft breweries such this week's purchase of New York's Blue Point Brewing by AB Inbev. (Photo by Justin Sullivan/Getty Images)Photograph by Justin Sullivan — Getty Images
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Excessive drinking can be deadly for individuals, but it’s a drain on the U.S. economy as well. According to a study released Thursday by the Centers for Disease Control and Prevention (CDC), binge drinking cost the economy a whopping “$249 billion in 2010, or $2.05 per drink, a significant increase from $223.5 billion, or $1.90 per drink, in 2006.”

The CDC defines binge drinking as 5 or more drinks on one occasion for males and four for women was the chief culprit in these costs, according to the report, and the costs themselves were born mostly by taxpayers in the form of increased healthcare costs and other services like addiction treatment. Another big factor, however, is lost productivity at work from things like absenteeism or early death.

“The increase in the costs of excessive drinking from 2006 to 2010 is concerning, particularly given the severe economic recession that occurred during these years,” said Robert Brewer, M.D., M.S.P.H., head of CDC’s Alcohol Program and one of the study’s authors. “Effective prevention strategies can reduce excessive drinking and related costs in states and communities, but they are under used.”

Alcohol is responsible for 1 in 10 deaths among working-age Americans, according to the CDC.

 

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