How Drug Addiction Leads to Financial Burden

Financial Burden

The effects of drug addiction fall on the victims and have an emotional and financial toll on their families and loved ones. The effects of addiction extend and strain the victim’s relationship with their family members and the community. The financial burden that comes with the effects of addiction is widely felt in different scopes of life. Here is how drug addiction leads to a financial burden.

Addiction and Poverty

Addiction has the biggest toll on the poor. An addict struggling with finances or a stable income source will find it hard to sustain the need to buy and use drugs. As long as there is the need to buy and use drugs with limited financial resources, the chances of creating poverty increase. As soon as poverty creeps in, so does the struggle, not only for the addicts but also for their family and loved ones. Addiction has the potential to create poverty that will affect future generations too. If you have a family, the chances that your children will feel the effects of addiction and poverty are much higher.

It is a challenge for a person struggling with addiction to take care of their child’s basic needs and education. In such cases, you will deny your children the chance to get a quality education and gain the knowledge needed for future endeavors. When you fail to give your children the right education, the chances of them going in your direction and engaging in drug use become higher. With an increased state of addiction, finding ways to fight poverty and taking care of your needs or those of your loved ones becomes harder. You can also engage in criminal activities to raise the money needed to satisfy your addiction.

Loss of Productivity and Income

Once you start abusing drugs, your performance levels also reduce, especially in the workplace. With addiction, you will find it hard to concentrate on the job, leading to poor performance. In such cases, there are also increased chances of losing your job and source of income. You also miss out on opportunities to make the extra money needed by your family as soon as your productivity level decreases.

As a breadwinner in a family, you depend on your job to provide the basic needs for your loved ones. However, due to addiction and loss of productivity, it will prove hectic to maintain a lifestyle that suits your loved ones. Loss of productivity will also make it hard to attract potential employers once you lose your job. With this state of unemployment due to addiction, you will most likely end up in jail due to engaging in criminal activities. Addiction will also take you to a long-term rehab facility, meaning you will lose years of productivity. You will still feel the impact of addiction even after your time in the rehab facility.

Impact on Healthcare and Insurance Costs

There are many serious health issues associated with addiction. Even when you choose to enroll in a rehab facility, you will still have to spend more than you prepared for. The amount of money you will incur to get quality treatment can be overwhelming, especially when you lack a financial plan. It will also be hard to get insurance coverage when the cause of your claim is drug addiction-related. Most insurers will want to understand your health status and its cause. This can prove hectic when you are struggling with addiction. Your family and loved ones will also feel this impact and carry the financial burden that comes afterward. Your family will also remain with unpaid debts, mortgages, and missed payments which become a burden as time goes by.

The effects of drug use and addiction can take a big toll on the financial stability of any individual. Finding ways to fight your addiction like seeking for is vital. This is because, through such efforts, you avoid the costly consequences of drug addiction.

This entry was posted in Finance.

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