Excessive Drinking Costs New Mexico $1.8 Billion a Year!
The Economic Costs
- Total Economic Cost to New Mexico: $1,876,108,000
- Economic Loss Per Drink: $2.36
- Annual Economic Loss Per Person: $960
Excessive drinking burdens our state with over $1.8 billion in economic costs
- lost work days
- increased insurance prices
- higher health care cost
Increase the alcohol excise tax 25¢ per drink
Let excessive drinking pay for excessive drinking harms
- Generating $154,090,910 in new state revenues annually.
- Increasing annual economic productivity by $128,133,220 in New Mexico because employers would suffer fewer lost work days and less insurance costs due to decreased alcohol
- consumption in employees.
- Creating up to 2,800 new jobs, even after accounting for alcohol industry job losses.
- Resulting in a 10% decrease in alcohol consumption, due to the increased cost of alcohol.
Boost our Economy and Create Jobs!
Source: Sacks. et al. American Journal of Preventive Medicine, 2013