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
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.17%  0.11 4.06%
15 year fixed refi 3.21%  0.12 3.09%
10 year fixed refi 3.26%  0.15 3.11%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.67%  0.35 4.32%
50K FICO-based HELOC 4.04%  0.05 3.99%
100K FICO-based HELOC 3.88%  0.05 3.83%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.99%  0.19 2.80%
48 month used car loan 2.91%  0.09 3.00%
60 month new car loan 3.07%  0.10 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99%  0.01 0.98%
2 Year CD 1.20%  0.01 1.19%
5 Year CD 1.82% --0.00 1.82%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.80% --0.00 15.80%
Cash Back Cards 16.42% --0.00 16.42%
Low Interest Cards 11.09% --0.00 11.09%
 
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