Showing posts with label Smoking. Show all posts
Showing posts with label Smoking. Show all posts

Friday, October 18, 2013

Smoking: The Cheap Vice and How it depletes your Personal Finances


"In a 2009 report from the Philippine Global Adult Survey, there are an estimated 17.3 million Filipinos ages 15 and older who are tobacco users".

A few months ago, the Republic Act 10351 also known as the Sin Tax Law has been passed with the purposes of increasing the revenues needed by the government to support and upgrade the public health sector especially the hospital and other healthcare related services and lessening the incidence of smoke related illnesses and death. This was signed and passed by the bicameral committee last year and took effect January of this year. Smoking has been a big issue and problem for many Filipinos and even around the world with many people becoming troubled with the health-related risks associated with this. With the recent passing of this law many of these smokers shifted to cheaper brands instead of lessening their consumption of this cheap but deadly vice.

·         About 60% of men smoke.
·         A recent survey of Filipino adult smokers found 99.8% cited tobacco advertisements as one factor for initiating smoking.
·         More than half of Filipino households are not smoke-free.
·         As many as 40% of adolescents boys smoke; most began in their early teens. Another 6% were former smokers. The majority of these young smokers said peer pressure was one reason why they took up smoking. Most now wish they did not smoke and about two-thirds have tried to give up.
·         There are no national laws prohibiting minors from buying cigarettes.
·         About 200,000 Filipino men will develop smoking-related diseases in their productive years of age. It was estimated in 1999, that to provide healthcare for these sick men, and the loss in productivity, cost Filipino taxpayers some P43 billion.
·         Every year, there are about 20,000 smoking-related deaths in the country.
·         Tobacco use will drain nearly 20% of the household income of smokers' families.
·         Many vendors of cigarettes are children.