Gambling: A Serious Problem for Many Seniors

MONEY“Seniors are the fastest growing population of gamblers. They are gambling away their income, their savings, and their chance for a secure future. When they lose, they can’t make it up or start over.  It’s a no-win game, driven by a greedy industry united in unholy alliance with policy makers and politicians who turn a blind eye to the social and economic costs of gambling. . . .

“Experts predict that the trend of baby boomers retiring, coupled with factors like the rise of casinos explicitly marketing to seniors, multi-state Powerball lotteries, proliferating slot machines, and a massive online betting surge, the crisis is only just getting started. . . .

“Fact: a compulsion can suddenly manifest in an older person with no history of gambling.”

Read more here. Hat tip to Ann Davis Garvin for the link to this important post.

 

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