Diabetes costs the U.S. economy $295 billion per year, making it one of the country’s most expensive diseases. But the damage obviously extends well beyond dollars and cents. Diabetes is the 7th most deadly disease in the U.S., claiming over 80,000 lives per year and becoming a daily concern for millions more people.
Yet the roughly 9 in 10 Americans who don’t have diabetes probably don’t understand the full extent of the struggle. The same can be said of the over 1 in 5 people with diabetes who don’t know they have it.
To help spread awareness, WalletHub assembled an infographic filled with diabetes facts and statistics. These facts explore the physical and financial impacts of the disease as well as what folks are doing to fight back. We also surveyed a panel of diabetes experts about issues ranging from personal finance to public policy. You can find everything below.
6 Facts About Diabetes in 2020
- $294.6 Billion: Estimated medical cost of diabetes in the U.S. in 2019.
- $9,506: Average annual diabetes-related health care costs for patients.
- 2.3: Number of times by which a diabetes patient’s health care costs increase.
- 14 & 18 Years: Reduction in the average male and female type 1 diabetes patient’s life expectancy, respectively.
- 88 million: American adults have “prediabetes” (84% of them don’t know they have it).
- 70%: Chances of developing diabetes if both your parents have type 2 diabetes.