Gen Z Now Outspends Boomers on Gambling for the First Time
https://finance.yahoo.com/markets/crypto/articles/gen-z-now-outspends-boomers-110500436.html
Posted by GimmeFunkyButtLoving
Gen Z Now Outspends Boomers on Gambling for the First Time
https://finance.yahoo.com/markets/crypto/articles/gen-z-now-outspends-boomers-110500436.html
Posted by GimmeFunkyButtLoving
5 Comments
Good way to make your family hate you.
Well that’s the dumbest shit I’ve heard for gen Z.
Times are tough and I have no money (I agree it sucks)….
So let’s gamble what little I have!!! Dumb idiots
It seems like only five years or so since I read that casinos were complaining that Gen Z wasn’t taking up gambling. I will admit to being VERY wrong about how popular sports betting would be.
Once casinos and bookmakers develop the mobile platform, gambling is a lot cheaper to operate becuase you don’t need the hotels or restaurants. Back around 2000, casinos decided that every department had to make money, so ths is is less of an issue than it might be. Not needing hte physcal buildings does lower barriers to entry.
There is no upside to gambling; you are merely losing money in an occasionally-exciting way. Don’t gamble. Instead, set up a brokerage account and have an auto-delete take X amount of money (even a small amount) and deposit it in a diversified index fund every week. Get rich slowly instead of go broke quickly.
Its pretty normal imo for Gen Z to suffer the most from gambling, given its been advertised in one way or another all throughout their childhood and adulthood. The state of economy also pressures most into short-term miracles. They’ve grown up with gacha systems and online casinos being praised by their favorite influencers, likewise videogames use it to their advantage by skin betting/esports betting. It’s all one cycle which the article explains well. If anything that shows the desperation this world has brought upon younger people. Nothing new under the sun.