Economic Cost Of Addiction Contributes to Slowing GDP | Harbor Village - Harbor Village

Economic Cost Of Addiction Contributes to Slowing GDP

The U.S. government reports that the economy has slowed with Gross Domestic Product (GDP) growing at just a 1% annual rate. According to a poll of economists, there are forecasts predicted as low as a 0.4% rate. It would mark a third straight quarter, the GDP growth rate was below 2 percent.
Many reasons for the slow economic growth rate have been suggested but it is clear that the rising cost of addiction in this country is a prime factor.

The Office of National Drug Control Policy has addressed the effects drug abuse has had on our economy. The agency states on their Web site, “The Federal Government and business community are increasingly recognizing the negative consequences of substance abuse on the U.S. economy and the Nation’s workforce. Abuse of drugs and alcohol is costly for our society and, left untreated, places a burden on our workplace, our healthcare system, and our communities.”

The government agency has posted these startling statistics to reflect the high cost of drug abuse in the U.S.
Economic Costs
The economic cost of drug abuse in the United States was estimated at $193 billion in 2007, the last available estimate.

This value includes:
$120 billion in lost productivity, mainly due to labor participation costs, participation in drugabuse treatment, incarceration, and premature death;
$11 billion in healthcare costs – for drug treatment and drug-related medical consequences; and
$61 billion in criminal justice costs, primarily due to criminal investigation, prosecution and incarceration, and victim costs.
Labor Force
In 2009, the majority (67%) of current drug users aged 18 or older were employed, either full-time (48%) or part-time (19%), with the unemployed accounting for 13% and the remaining 21% not in the labor force.
Among full-time workers aged 18 or older, nearly one in 12 (8%) reported past-month (current) use of an illicit drug in 2009. Unemployed workers were twice as likely – one in six (17%) – to report current drug use in 2009.
If you or someone you know has a drug-related issue, seek the care of a facility that specializes in treating addiction. At Harbor Village, a trained team of medical professionals help clients achieve recovery from both drugs and alcohol addiction. Located in South Florida, the facility allows each client to experience private drug treatment in a luxury, state-of-the art environment. Clients are welcomed with upscale accommodations including a beautifully furnished suite with satellite television, over an acre of outdoor lounge area, spa, salon, massage and acupuncture services, nutritious, gourmet dining, NetFlix and Internet access and the personalized support of a friendly, knowledgeable staff. For more information, please call 855-DETOX-00.

 

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