It’s A Family Affair- The connection between debt and gambling.
Debt is something that majority of people come across in their lifetime, having a knowledge of how to manage your finances are good to help you get out of debt, but what happens when then debt in your family keeps increasing despite your efforts to be more financially savvy. The answer can be gambling.
What is gambling? Gambling is defined as risking something of value for a chance of reward. It can become a problem when gambling behavior starts to impede someone's lifestyle. The impediment can look like a slow or quick decline in their finances, new credit cards coming in the mail, the refusal to talk about the finances of the family, conversations turning aggressive. All these are signs that someone in your family may have gambling addiction.
If you find yourself asking questions or suspecting that your loved one has a gambling addiction, please reach out to the Mid-Hudson Problem Gambling Resource Center. We will answer any question you may have about this addiction, connect you with financial literacy resources, like the Cornell Cooperative Extension program, and provide you and your loved one with therapeutic help to start the recovery journey. If this message is for you, please give us a call at 1-833-here-to-help or 1-833-437-3864 or email us at mid-hudsonpgrc@problemgambling.org
-submitted by Leilani Yizar-Reid, Team Leader, Mid-Hudson Problem Gambling Resource Center, New York Council on Problem Gambling
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