October 16, 2006
Liquor Over Beer Makes YOU Richer#2
Over 21 only article –involves alcohol
Follow up post Liquor over Beer Makes YOU Richer.
***Can drinking alcohol increase how much money you get at the end of the month? According to The Journal of Labor Research, drinkers usually earn 10-14% more than non-drinkers. You could read the whole article at CNN Money. A lot of writers on the internet have already thrown in their 2 cents on this new discovery. I am going to hit this subject from a different angle with an experiment of my own. ***According to The Journal of Jeremie’s Research lab, people that drink liquor can save even more money than beer drinkers (and they won’t have bad beer breath). This “real” research lab found that if you purchase liquor instead of beer can save you hundreds of dollars by the end of the year. *The only real research that Jeremie has done is take down prices at a few different liquor stores, gas stations, and grocery stores.***
New Data
Because I received a few comments on this post, I decided to do some further investigation. I decided to research the prices at four different liquor stores, and take the prices of a case of beer (24 beers). I averaged the prices of all the different kinds of liquor to make it even fairer. I even took in the account of specials which might offset the numbers a little.
Here’s the data
Legend:
Dirt Cheap= DC
Good Cheap= GC
Premium= P
-Assumptions
12 Pack of Beer
1.75 Liter Bottles of Liquor
**Went to 4 different liquor stores so I avg. their prices
|
|
Grocery Store |
Liquor Store Avg |
Gas Station |
Average |
|
DC Beer 12pk |
7.99 |
6.99 |
6.99 |
7.32 |
|
GC Beer 12pk |
8.99 |
8.99 |
9.99 |
9.33 |
|
E Beer 12pk |
12.99 |
13.99 |
13.99 |
13.65 |
|
DC Beer 24pk |
12.99 |
12.99 |
11.99 |
12.66 |
|
GC Beer 24pk |
15.99 |
14.99 |
15.99 |
15.66 |
|
E Beer 24pk |
23.99 |
21.99 |
Not sold |
22.99 |
|
DC Vodka 1L |
Not sold |
Not sold |
Not sold |
NA |
|
GC Vodka 1L |
Not sold |
10.99 |
Not sold |
10.99 |
|
P Vodka 1L |
Not sold |
21.99 |
Not sold |
21.99 |
|
DC Rum 1L |
Not sold |
11.99 |
Not sold |
14.99 |
|
GC Rum 1L |
Not sold |
12.99 |
Not sold |
16.99 |
|
P Rum 1L |
Not sold |
17.99 |
Not sold |
19.99 |
|
DC Bourbon 1L |
Not sold |
14.99 |
Not sold |
18.99 |
|
GC Bourbon 1L |
Not sold |
21.99 |
Not sold |
24.99 |
|
P Bourbon 1L |
Not sold |
29.99 |
Not sold |
34.99 |
|
DC Vodka 1.75 |
Not sold |
6.99 |
Not sold |
6.99 |
|
GC Vodka 1.75 |
Not sold |
12.99 |
Not sold |
12.99 |
|
P Vodka 1.75 |
Not sold |
24.99 |
Not sold |
24.99 |
|
DC Rum 1.75 |
Not sold |
14.99 |
Not sold |
14.99 |
|
GC Rum 1.75 |
Not sold |
16.99 |
Not sold |
16.99 |
|
P Rum 1.75 |
Not sold |
19.99 |
Not sold |
19.99 |
|
DC Bourbon 1.75 |
Not sold |
18.99 |
Not sold |
18.99 |
|
GC Bourbon 1.75 |
Not sold |
24.99 |
Not sold |
24.99 |
|
P Bourbon 1.75 |
Not sold |
34.99 |
Not sold |
34.99 |
Now here comes the math.
Old data**Most of time you need to purchase mixers such as: Cranberry juice, orange juice, soft drink, ect. Let’s make another assumption and you spend $6.00 for 2 bottles of juice (2 liters).**
Assumption:
Per beer price= Price per 12 pack/number of beers (12)
30 drinks in a 1.75 L
Adding in liquor and mixer cost/30
One beer= 1.25 oz of liquor
Six beers per night = 3 liquor drinks (2 ounces per drink)
|
|
Avg. $ per drink |
Avg. $ per night |
|
DC Beer 12pk |
.61 |
3.66 |
|
GC Beer 12pk |
.78 |
4.67 |
|
P Beer 12pk |
1.14 |
6.83 |
|
DC Vodka |
.43 |
1.29 |
|
GC Vodka |
.63 |
1.89 |
|
P Vodka |
1.03 |
3.01 |
|
DC Rum |
.70 |
2.1 |
|
GC Rum |
.76 |
2.29 |
|
P Rum |
.87 |
2.60 |
|
DC Bourbon |
.83 |
2.50 |
|
GC Bourbon |
1.03 |
3.01 |
|
P Bourbon |
1.36 |
4.01 |
|
|
Avg. $ per drink |
Avg. $ per night |
|
DC Beer 24pk |
.54 |
3.25 |
|
GC Beer 24pk |
.66 |
4.00 |
|
P Beer 24pk |
.92 |
5.5 |
|
DC Vodka |
.43 |
1.29 |
|
GC Vodka |
.63 |
1.89 |
|
P Vodka |
1.03 |
3.01 |
|
DC Rum |
.70 |
2.1 |
|
GC Rum |
.76 |
2.29 |
|
P Rum |
.87 |
2.60 |
|
DC Bourbon |
.83 |
2.50 |
|
GC Bourbon |
1.03 |
3.1 |
|
P Bourbon |
1.36 |
4.01 |
Old data**As you can see, even if you purchase premium liquor your price per drink is much less than using dirt cheap beer. So who ever said you can’t have quality and quantity is completely wrong!**
New Data
After calculating all the numbers, it still looks like premium liquor wins the overall battle. Comparing apples to apples, you are paying ~100% more drinking beer when you compare the DC. beer to DC. liquor, GC. beer to GC. liquor, and P. beer to P. liquor (other than the bourbon). The cost of DC. beer is still more expensive than a night of drinking P. liquor.
Cheers & Drink Responsively!
















