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Smoking hurts wealth as well as health

February 7, 2005

A new study suggests that typical non-smokers' net worth is roughly 50 percent higher than that of light smokers and about twice the level of that of heavy smokers. And that wealth gap grows by about $410, or 4 percent, each year that a person continues to smoke, said Jay Zagorsky, author of the study and a research scientist at Ohio State University's Center for Human Resource Research. Federal statistics on cigarette spending suggest that the wealth reductions are roughly equal to how much smokers spend on their habit.

Husbands, wives disagree on their financial status

May 28, 2003

One reason married couples argue about money may be because they don't even agree on how much of it they have, new research suggests. The typical husband says the couple earns 5 percent more income and has 10 percent more total wealth than the wife reports, according to a nationwide study. Meanwhile, the typical wife says the family's debts are about $500 more than reported by her husband.



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