Just read an article that explains that people are gambling because working no longer even pays the bills.

If they had money to put into retirement, they would; they are gambling because they don´t and know they never will.

Draft Kings is offering them better odds than life is.

Link?

Article: …substack.com/…/degeneracy-is-a-symptom

discussion (?): sh.itjust.works/post/67063299

No offense, but the article is speculation which doesn’t address issues like increasing availability of gambling and its increasing gameification.

Sadly, for much of the US, this is a fact. The cost of living has just gotten that bad, and neither ruling party shows any real intention to change it. (As evidenced by the last six years.)

Maybe the post should say instead: “If you have the money to gamble, put it in your retirement instead.”

I’m not one to pass up on shitting on my home country, but it looks like the despair is happening around the world, though it manifests differently

I assume you’re being hyperbolic. There’s no world where gambling is more likely to pay the bills than working, even if the value proposition of working is so bad right now. Gambling is always worse.

The one thing that gambling offers is a fleeting feeling of hope.

It’s the world where you have a one-in-a-million chance to win the lottery but exactly a zero percent chance to retire while working full time but still accumulating credit card and medical debt and barely making rent every month.

yeah over a group. The thing is the investment definately will not meet needs. I have been doing the math on my retirement for many decades and it did not work out even when times are good and now its worse. Gambling has a non zero chance of meeting all needs if the pot is big enough. I get why people get desperate. Heck I used to buy a lottery ticket here and there back when it was a relatively paltry amount relative to my income.

Factually? You’re right. The problem is, “work isn’t paying the bills anymore” is also true for a lot of people. So they’re looking for any solution they can. I’m not saying this is a good solution. I’m just saying it’s all they have.

Retirement savings is a gamble anymore.

Wait until the AI bubble pops…

Don’t give sportsbook execs your money, give it to Wall Street execs instead

You know how I gamble? Once every 5-10 years I’ll put $100 in a slot machine. I play until I’m broke or at $500. Then I walk away.

I’ve gone to Vegas a couple of times. I usually go during football season and bet MNF, and that’s it. If I win, I get well-lubricated and the casino gets their money anyway.

If I don’t, I buy a show ticket and go enjoy that.

Gambling’s just a waste, really.

That’s the way to do it