British people turn to gambling, crypto After the cost of living crisis – Post Today around the world

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British people turn to gambling, crypto after the cost of living crisis

Date 23 Jun 2022 time 15:30

UK charity reveals more people are turning to crypto-gambling amid inflation and pressure from the cost of living

Reuters reported, citing UK charity GamCare, which considers gambling to be the last hope for many Brits facing economic turmoil amid inflation and cost-of-living pressures.

GamCare reveals that more and more Britons turn to gambling Hoping to bring the money to pay for the skyrocketing energy and food costs, but many people lost them. Some of them have failed and received help from the organization. Had to come back to play because of the increasing financial pressure.

“Our hotline advisors have learned that the cost of living affects people’s gambling behavior. Especially those who have gambled before,” said GamCare Chief Executive Anna Hemmings.

And added that there are more and more people. that seeks corporate help for failing to invest in cryptocurrencies And many people who invested their money into Bitcoin several months ago lost half of that money.

GamCare says that 43% of problem gamblers invest in cryptocurrencies, and 25% of them intend that they will continue to invest so they can withdraw their capital.

British citizens are facing the highest inflation rate from the G7 countries, which hit a 40-year high of 9.1 percent in May, with the Bank of England warning it could exceed 11 percent by October.

A YouGov survey released June 22 found that 46% of over 4,000 people were worried about their financial situation, and more than 50% said they had gambled in the last 12 months. last month most of which have to lose money

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Photo by REUTERS/Kevin Coombs

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