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 4.00%  0.09 4.09%
15 year fixed refi 3.08%  0.12 3.20%
10 year fixed refi 3.13%  0.11 3.24%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.32%  0.02 4.30%
50K FICO-based HELOC 3.98%  0.02 3.96%
100K FICO-based HELOC 3.83%  0.02 3.81%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.75% --0.00 2.75%
48 month used car loan 2.99% --0.00 2.99%
60 month new car loan 3.19%  0.01 3.20%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99% --0.01 0.98%
2 Year CD 1.22%  0.01 1.21%
5 Year CD 1.87% --0.00 1.87%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.76% --0.00 15.76%
Cash Back Cards 16.44% --0.00 16.44%
Low Interest Cards 11.04% --0.00 11.04%
 
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