✉news BusinessPersonal Finance first seen 7 h ago, last 5 h ago, peak #23
More Than Half of Gen Zers Are Betting Investment Money on Sports
Original: More Than Half of Gen Zers Are Using Investment Dollars for Sports Betting. His $100,000 Win Could Add $0 to Social Security
A new report claims more than half of Gen Zers are using money intended for investing on sports betting instead. It highlights the case of a bettor whose $100,000 win would reportedly add nothing to his Social Security, underscoring concerns that gambling is replacing long-term savings among young adults and leaving them without retirement safety nets.
Why now: Concerns are growing that legal sports betting is displacing saving and investing among young Americans.
Evidence
- More Than Half of Gen Zers Are Using Investment Dollars for Sports Betting. His $100,000 Win Could Add $0 to Social Security · 24/7 Wall St.
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