cryptohunter
Active member
- PPF Points
- 710
I often hear that the poor are prone to gambling, and that problem gamblers are mostly from lower-income groups. Well, that's only half-true at best, in my opinion, because gambling doesn't care whether you're poor or rich -- if you like it, you like it. If you don't, you don't.
Perhaps this idea comes from data showing that poor people spend a higher percentage of their income on gambling than the rich. For example, $50 is 10% of your income if you earn $500, but only 1% if you earn $5,000. But it's still $50 nonetheless.
The argument that gambling is driven by the desire for a "get rich quick" dream is also flawed because even the wealthy want to get richer. It's just human nature to be greedy -- look at emperors in the past who had everything, yet still wanted to rule the entire world.
What do you think? Do you believe the poor are more prone to gambling?
Perhaps this idea comes from data showing that poor people spend a higher percentage of their income on gambling than the rich. For example, $50 is 10% of your income if you earn $500, but only 1% if you earn $5,000. But it's still $50 nonetheless.
The argument that gambling is driven by the desire for a "get rich quick" dream is also flawed because even the wealthy want to get richer. It's just human nature to be greedy -- look at emperors in the past who had everything, yet still wanted to rule the entire world.
What do you think? Do you believe the poor are more prone to gambling?