In So Much Debt From Gambling
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Let us face facts, Millennials are the face of America these days and including them, most Americans out there are immersed knee-deep in debt. Why do you think that is? We have compiled a list of reasons which will try to explain some of the main reasons why we see so many indebted Americans lately.
If you are one of these unfortunate Americans who find themselves unable to pay off their debts and loans, you should try to hire a debt relieving advisor in person or get their services online from a website such as https://www.facethered.com/
Student Loans
College funding has become very expensive as of late and it is difficult for parents and students to pay it all off at once. This is why students take loans as financial aid and all to help them get through college and obtaining a degree. After they have received their degree, they have to work for a long time to pay off their entire loan. This is because they not only have to pay off the loan with their money, they also have to pay their living expenses such as rent and food. Most students are not able to save anything in the process. When these students finally pay off all their loans and emerge into their seemingly debt-free lives, they are hardly left with any savings to their name which will help them maintain themselves in this life. This is why they turn towards taking more debt which can keep accumulating throughout the person’s life.
- The gambling and debt meant I missed out on things. Even simple ones like driving! I’ve never done a driving lesson or driven a car in my life. Because I was in so much debt, I couldn’t ever make it a priority. So I want to focus on that next. The other one is everyone’s pipe dream, which is saving up to get my own place one day!
- I am in a huge gambling debt. I am in a serious gambling debt of 1.2 million naira - 3908.40 USD. I used my fees for it and I have to pay for it. I used my fees last year but my parents found out and repaid (2.7 million naira - 8793.90 USD). Now, I cant tell them about it. I am scared and need help!
They don’t want to make sacrifices. Could you give up eating out three nights a week?
Gambling
Another big reason which throws Americans into debt is the toxicity of gambling. Gambling has become an addiction for many Americans who spend long hours of their day in bars, clubs and casinos trying to make a fortune for themselves and losing most of their money in the process. Some people get so addicted to gambling that they mortgage their properties and ask for loans to pay off the money they owe or worse, to play games with even higher stakes.
Unemployment and Minimum Wage
Unemployment is at an all-time high in the USA. Many people who could not put themselves through college or have liberal arts degrees and the likes find it very difficult to find stable jobs. Many of these people therefore work in Fast Food joints and all at minimum wages to make ends meet. In these situations paying off rent, bills and buying food for themselves is pretty much all they can manage and have to eventually turn towards debt to live a normal life
Divorces
Lastly, Divorce is a great reason why people become immersed in debt. This is because roughly 50% of all marriages in the USA end in divorce and people take signing a pre-nuptial agreement very personally. Hence, a divorce usually makes the people involved fall into debt and with the payment of monthly alimony and care for the children involved, the person finds himself borrowing more and more money.
Well i have struggled with gambling for about 12 years now.dont even know where to start or what to say....
Started out with slots 12 years ago, it got worse and worse and worse.
used to be couple hundred off paychecks, then whole paychecks
then borrowing money to gamble
likely down somewhere around 35 to 40,000 dollars since then.
I won a couple times , 1000 here, couple hundred there, maybe another 1000 over there
put it all back and then more. you know how it goes the win sucks you in
then won 10,000 last year online slots...paid some debt off and oh boy that suckered me in big time
well now i got a visa maxed out at 10,000 and a mastercard at 6000 with 20% interest. lol
all on gambling, never mind the money off pay cheques ..
even when i win i never cash out and stop, even when big amounts like 5000 or 8000
i just up my bets and lose it all
Not even all that crazy about money, like when i have it, i gamble
when i dont have it i still gamble ... what the heck??
sometimes i think i am addicted to the losing not the winning...
i have a kid coming in one month. i have been laid off work,
i have ruined my life and hurt those around me and now my unborn child and my wife will have to
suffer too. I AM THE BIGGEST LOSER.. there is no way back...
Help With Gambling Debt
i feel suicide the best, although i dont even have life insurance.
I always say i will stop... never do..
i dont get it.,. i dont understand it.. i want to stop... i really do... why cant i
In So Much Debt From Gambling Stocks
im not stupid, i used to shake my head at people like me wasting there money.,
WHY CANT I STOP. I am so weak of a person i guess..