It's just entertainment. Is blowing $100 on sports betting really any worse than $500 on a designer handbag?
Which isn't to say it's not an issue--both are. But despair driving people to spend increasingly on short-term endorphin hits is universal. The most meaningful metric would be the proportion of income that's saved and invested.
Which isn't to say it's not an issue--both are. But despair driving people to spend increasingly on short-term endorphin hits is universal. The most meaningful metric would be the proportion of income that's saved and invested.