smart spending

The effects of obesity on your pocketbook

Opportunity costs of medical solutions
Next
5 of 8
Back
Opportunity costs of medical solutions

Commercial diets and procedures recommended for treatment of obesity are costly, says Michael Applebaum, a doctor, lawyer and fitness authority in Chicago. Applebaum's book -- "MASSematics: How to Get Rich by Not Dieting" -- examines the financial consequences of such treatments over the course of a lifetime.

Let's take, for example, someone who attempts to lose 1 pound a month and keep it at bay by using a diet supplement that costs $20 per month or $240 per year.

If, at age 25, someone were to start investing that at 5 percent, they could earn $62,766 over an average lifetime of 78 years. If the same amount were invested at 7.5 percent, it would add up to $165,105; at 10 percent, $467,964.

In addition, the average hospital charges for bariatric surgery are $30,804 for a child and $36,056 for an adult, as cited in "MASSematics."

Assuming an average-length life of 78 years and a 10 percent annual return, an investment of $36,056 at age 30 would grow to $3,498,053 by age 78.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.27%  0.05 4.22%
15 year fixed, 0 point 3.27% --0.00 3.27%
5/1 ARM 3.35%  0.13 3.48%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.38%  0.08 4.46%
50K FICO-based HELOC 4.11%  0.06 4.17%
100K FICO-based HELOC 3.96%  0.03 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.73% --0.00 2.73%
48 month used car loan 2.97%  0.04 2.93%
60 month new car loan 3.22%  0.05 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.90%  0.02 0.92%
2 Year CD 1.09% --0.01 1.08%
5 Year CD 1.74% --0.00 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.67%  0.02 15.65%
Cash Back Cards 16.36%  0.03 16.33%
Low Interest Cards 10.87% --0.00 10.87%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us