
The effects of drug and alcohol abuse touch nearly all aspects of the addict's life. In addition to the social and psychiatric consequences of drug and alcohol abuse, it can also have a range of negative effects on finances. These can vary from a reduced quality of life all the way to homelessness. Below is more information about the financial consequences of drug and alcohol abuse.
Initial Costs of Drugs and Alcohol
A single use of drugs or alcohol is rarely very expensive, but costs of this behavior add up quickly when it becomes a habit. As the addict becomes tolerant to his or her substance of choice, higher doses are needed to get pleasurable effects. This means that more money must be spent, and depending on the severity of the addiction, the habit can easily become a priority over important bills, such as housing and food. Whereas alcoholics might spend hundreds of dollars a month on booze, heroin addicts could easily spend that much in a single day.Lost Productivity
When a person refuses to seek rehab centers, the addiction progresses. As addiction progresses, many drug addicts and alcoholics become less able to perform at a high level in any area of life. When this affects the ability to make money or take care of certain obligations, serious financial problems may result. For many addicts, loss of productivity results in unemployment. This can happen for a number of reasons. For example, heavy use of drugs and alcohol on nights before work may cause a hangover the next day that could reduce the addict's ability to work safely or effectively. An employee with an addiction problem might use poor judgment when handling company money. The addict might ruin equipment on the job or injure themselves and fail a subsequent drug test. Some addicts lose their jobs after missing work too often. After becoming unemployed this way, addicts may not only be financially destitute, but also unable to find another job easily, even after getting sober. If an addict has already spent his or her savings on drugs and alcohol, unemployment could be even more devastating. This illustrates how drug and alcohol abuse can have financial consequences long after its initial effects.Legal Expenses
Both, drugs and alcohol can lead to expensive legal problems. If addicts injure others while under the influence, they may face both criminal charges and lawsuits. For example, a drug or alcohol abuser who drives a motor vehicle while inebriated might face serious costs after being caught. Vehicle impoundment and bail can vary and may cost thousands of dollars. If the addict needs legal representation, this is another considerable expense. Finally, fines leveraged after a guilty verdict can vary dramatically. Although fines may qualify for payment on a schedule, this will extend the financial repercussions on the addict possibly long into the future.Costs to the Public
The financial consequences of drug and alcohol abuse don't just affect the addict. In reality, society is forced to pay for much of the financial damage caused by this behavior. Here's how:- One quarter of the national law enforcement budget is devoted to crimes that involve drug abuse.
- When criminals enter jail or prison, many require treatment for addictions to alcohol and drugs.
- Substance abuse also has serious financial effects on national roadways. A combination of legal costs, damage to vehicles and roadways, and insurance costs come to a total of $13.6 billion in the United States each year.