Re: "Americans Spend More Money Betting On Sports Than Investing In Stocks"
It is not surprising since we can see how easy gambling access is in America and it makes more people gamble than investing because it is easier and faster for them to access. It also offers a chance for someone to change their life overnight, even when the chances are small and the results are much faster, compared to hoping for investment in stocks. Things like that are strong reasons why many people put their hopes in betting on sports in order to get rewards that they can use to meet their needs or other things in the midst of a difficult economy.
Yep it gives them a chance to change their lives overnight and that's the problem.They are living on a mindset where they believe themselves that putting their money into gambling would be beneficial for them instead of putting it on an investment.
As for access, it's true that it's easy to access both physical and online casino right now, but I don't believe that there's a problem accessing with these brokers as well. The problem with them is that, they always want to YOLO, and their patience is just short. No surprise since studies shown already that an average person has very short attention-span than the people a few years ago, and because of this, they can't afford to wait hence, they're YOLO'ing their money and instead of going to a more conservative route, they prefer the aggressive, risky one which is gambling.
Kind of unfortunate but like what I always say, people will not learn unless they will experience it themselves.
