Pensioners Lose Money In Gambling Activities

This is why gambling gets a bad name.  When negative things happen in relation to gambling, the media seems to have a heyday.  They will not hold back from reporting things and even sensationalizing events.  Like the situation in Australia.

Based on a report conducted by the University of Queensland’s Social Research Centre:

MORE than a quarter of elderly pokies players dipped into their savings to fund their gambling, a report has found.

The survey found that singles and those with a disability were most likely to bet more than they could afford to lose.

The findings raised “some cause for concern”, given the limited financial means of many seniors.
“Compared with younger segments of the population, older people are more commonly retired and thus have more limited opportunities to replenish savings once they are used,” the report said. “It is thus conceivable that long-term regular electronic gaming machine use may gradually whittle away older people’s financial security.”

I am a bit of a quandary here.  On the one hand, I realize that gambling can have a negative effect on people.  There is no denying that.  On the other hand, these are adults and they should know what they are doing.  Then again, the situation that the elderly may be in could make them more prone to compulsive gambling.

So what could be a possible solution?  The researchers suggested one thing – gambling halls and pubs should not run special tournaments on pension days.  I suppose this could work to a certain degree.  After all, if you remove the temptation, then perhaps the people could control their desires better.  Then again, if they really want to gamble then there is nothing that you can do about it.

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