New research from Ohio State University says America has a gambling problem. This is an old problem with a new twist. Just before the pandemic, many states added gambling online and really made it very easy to place a bet.
Obviously, gambling is a money maker, but what is the cost of making that money? Our young adults used to ruin their credit by signing up for multiple credit cards as companies in the 80s gave away cards to any full-time college students.
Students who were not mature enough to handle the credit killed their credit scores and graduated with a credit score in the 400 to 500 range. Now gambling has become the new vice. One in 10 college students admit to having a gambling problem. Seventy-five percent of college students have placed a bet in the last 6 months, and 90 percent of the betting was done online.
What’s worse is that there are many actors, comedians and athletes are being used to market gambling sites to our young people. Kevin Hart, Jamie Foxx, and others have been seen representing various sites.
There used to be a time when it mattered to the spokesperson what they represented. Stars were picky about what they wanted to lend their name to, but it doesn’t seem to be an issue today.
As a country with many other issues to deal with, we have now added gambling, and it’s self-inflicted. Things did not have to go this way.
As if student loans were not enough, students will now have to deal with less than perfect credit in a society that is ruled by credit. Is this another trick to ruin young people before they start? Someone has to consider future generations and spare them this burden. Capitalism is killing us!
ClydeStyle 