Your browser does not support JavaScript!

High Cost Of Addiction

High Cost Of Addiction

By Contributing Advice Expert View more articles

 

The Financial Repercussions of Addiction

Substance abuse comes with many related problems. For almost all addicts, the addiction ultimately leads to financial hardship.

Clinical Services of Rhode Island is a reputable source of information on addiction and recovery in New England. Their experts note that financial issues can be created by addiction, but financially related stressors can also be a cause of substance abuse as well.

Here are just a few of the ways a person can financially impact a well-being.

Spending Money on Drugs

Drugs are a black market commodity that comes at a substantial cost, both figuratively and literally. Musician Eric Clapton famously spent $ 16,000 a week on heroin in the 1970s before reportedly spending thousands more on cocaine. In an interview with NPR  Clapton, "Financially, it was ridiculous."

Unlike Clapton most people do not have millions of dollars at their disposal, but some people have an addiction that's just as strong. Countless people have drained their bank accounts, tapped into the equity in their homes, increased in credit card debt and sold off valuable possessions all to feed their addiction.

The deeper the addiction goes, the more expensive it becomes because a person will need to increase to get the same effects as before.

Loss of Job and Income

When substance abuse reaches the point of addiction, it's negatively impacting a person's daily life, including their ability to work. Many people show up impaired or fail to go to work altogether. Failing a drug test can also lead to immediate dismissal for many occupations.

If you're arrested for a drug-related charge, it's a guarantee that your career will be cut short.

Arrests and Fines

Many addicts, even those who are addicted to alcohol, find themselves on the wrong side of the law. From possession of illegal narcotics to vehicular manslaughter, there are many possible addiction can lead to arrests, fines, and incarceration. When this happens, the legal fees alone can be in the tens of thousands.

Another serious issue is theft. Many addicts will resort to stealing as a means to pay for their addiction. It often begins with stealing from friends and family members but can quickly escalate. This was the case for David Sheff, author of "Beautiful Boy". His son, a heroin addict, stole the family's credit cards and checks during his period of addiction. It's an example of how addiction can negatively impact other people's finances as well as the addict's.

Preventing a Person From Gaining Higher Education and Experience

A report from the National Institute on Alcohol Abuse and Alcoholism found that 25% of college students report alcohol use negatively impacted their academics. It can get to the point where it lowers their overall grades. For some students, it's the reason they drop out altogether.

When a person is addicted to drugs or alcohol, he or she directs all focus towards getting high. They begin to lose interest in things they loved and do not pursue. 

Turn Around Your Life and Finances Back Around

The first step to truly getting an addiction is to seek professional help from a treatment facility . Specialists will not only help you get over the physical dependency of a drug but also help tackle the triggers that cause it and underlying problems that could make worse addiction.

One example is mental illness. Research has shown that mental illness and addiction often co-occur . If this is the case, the mental illness needs to be addressed to overcome addiction.

Treatment facilities with their costs, but they could be covered by health insurance.

During the recovery process, see if it's possible to speak with debt specialist or financial advisor . These professionals are trained to help people get their finances back on track. They'll analyze your debt as well as get a picture of where you currently stand. From there they can recommend customized solutions based on financial best practices and create a financial wellness roadmap for you to follow.

Find the best places to stay and things to do in the area. You will not be disappointed, you will not be disappointed.

Finding work after overcoming an addiction can be difficult, but it's not impossible. Seek out help from organizations like America in Recovery that are designed to assist recovering addicts to find work. They will work on your behalf to locate employers in your area that are open to hiring people who are on the path to recovery. Other organizations are also available to help you learn your rights and protections against discrimination.