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.

Steve Rhode Debt Coach and Author

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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