Cigarette Usage in the United States Should Continue the Downward Trend
The US Food and Drug Administration has been alarmed by the rise in the use of e-cigarette‘s by teenagers. Teenagers increased their use of e-cigarette’s by 78% from 2017 to 2018. However, corporate tobacco should also be alarmed as US smoking rates continue to decline with an accelerating attrition rate due to increase in e-cigarette use.
The National Center for Health Statistics begin tracking tobacco use in 1965, at the time 42% of adults in the US considered themselves cigarette smokers, by 2017 the CDC found that that number had fallen to 14%. And and over the past decade from 2007 to 2017 smoking has seen a dramatic fall of 30% of total adult smokers quitting. In addition the views of Americans towards cigarettes is extremely negative vs e-cigarettes or vapor which is considered much less harmful by the population.
The demographics of the US smoker has shifted significantly older since 2001, when 34% of adults in the 18-29 category smoked. Now that number has fallen to just 15% of 18-29 year olds who smoke according to a Gallup poll.
Whereas 20% of 18-29 year olds are now using e-cigarettes once a week.
Furthermore, according to the CDC, Hispanics & Asians had a much lower smoking rate than the rest of the United States at 10.7% & 9.7% respectively. The Hispanic & Asian populations are by far the two fastest growing segments of the US population and have been so for decades, this will further dampen the future smoking rate.
Wall Street has started to take notice of these trends as the share prices of major cigarette retailers such as British American Tobacco, Phillip Morris, Vector Group and Altria have all fallen 30% to 50% in the past year. The Dow Jones United States Tobacco Index has fallen over the past year from a 52 week high of $917 to a low of $564 today.
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Written by Alexander Fleiss & Edited by the Rebellion Team