Study finds young adults engaging in high-risk gambling behavior
OAN’s James Meyers
1:10 PM – Wednesday, November 22, 2023
A new study reveals that young adults are risking more money than they can afford in gambling.
The study conducted in Britain found that 42% of adults aged 18 to 24 who had gambled in the past year took financial risks to place bets. Additionally, 36% of participants admitted to borrowing money or selling personal possessions to fund their gambling habits.
The study was conducted by advocacy organization GambleAware, which describes itself as the “strategic commissioner of gambling harm education.”
GambleAware’s CEO, Zoe Osmond, warns that gambling is “a serious public health threat” and is on the rise.
Furthermore, a significant number of participants in the study expressed feelings of shame or guilt about their gambling habits, and 39% reported experiencing mental health issues as a result.
According to the American Psychiatric Association, approximately 10% to 15% of teenagers have a significant gambling problem. In the United States, nearly 8% of individuals aged 12 to 17 could be classified as problem gamblers, with the shocking average age of starting to gamble being just 10 years old.
“As a hidden addiction, gambling harms can be incredibly hard to spot from the outside,” said Osmond. “It is therefore critical that people impacted are aware of the wide range of support services available, and that they feel safe to come forward.”
“Anyone can be impacted by gambling harms, but the first step is to open up and have that first conversation, ideally as early as possible,” said Osmond.
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Why is early intervention and open conversations about gambling harms important, as emphasized by GambleAware’s CEO Zoe Osmond
Up to date with all the latest news on gambling addiction and its impact on young adults with OAN’s James Meyers. A new study conducted in Britain has revealed alarming statistics about the financial risks young adults are taking when it comes to gambling.
According to the study, 42% of adults aged 18 to 24 who had gambled in the past year admitted to taking financial risks to place bets. This means that almost half of young adult gamblers are putting more money on the line than they can afford. Additionally, 36% of participants revealed that they had resorted to borrowing money or selling personal possessions in order to fund their gambling habits.
The study, conducted by advocacy organization GambleAware, also shed light on the emotional toll that gambling can take on young adults. A significant number of participants expressed feelings of shame or guilt about their gambling habits, and 39% reported experiencing mental health issues as a result.
GambleAware’s CEO, Zoe Osmond, has described gambling as “a serious public health threat” that is on the rise. She emphasizes the importance of providing support services for those affected by gambling harms and creating a safe environment for individuals to come forward and seek help.
These findings are not limited to the UK alone. According to the American Psychiatric Association, approximately 10% to 15% of teenagers have a significant gambling problem. Shockingly, in the United States, nearly 8% of individuals aged 12 to 17 could be classified as problem gamblers, with the average age of starting to gamble being just 10 years old.
Osmond stresses the importance of early intervention and open conversations about gambling harms. She encourages anyone impacted to seek support and reach out for help as soon as possible.
As the dangers of gambling addiction continue to impact young adults, it is crucial for individuals, families, and communities to recognize the signs and provide the necessary support. By addressing this issue head-on, we can work towards creating a safer and healthier environment for young adults and prevent the devastating consequences of gambling addiction.
To stay informed about the latest developments in this area, keep following OAN’s James Meyers for insightful updates and news on gambling addiction.
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