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Gambler Debt Soaring to Crazy Heights and Climbing. Blamed on a Hopeless Economy.

Gambler Debt Soaring to Crazy Heights and Climbing. Blamed on a Hopeless Economy.

In Wisconsin a gambling addiction hotline has seen a substantial increase in the amount of debt gamblers are carrying.

The average reported gambling debt in 2011 was more than $157,000, a huge increase over the average debt in 2010.

The Executive of the Wisconsin Council on Problem Gambling said that more people are maxing-out credit cards, getting short-term loans, or siphoning money off of family and friends to fuel this gambling habit. Anyone really surprised over that?

A down economy fuels gambling debt as more people feel frustrated, desperate, or hoping for a financial miracle. What the heck, put it all on red. We’ve got nothing to lose.

Gambler Debt Soaring to Crazy Heights and Climbing. Blamed on a Hopeless Economy.
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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