Kathy Gibson reports – Online gambling, a very topical and sensitive subject at the moment, is having a negative impact on consumers.
A new study by Experian and Vault22, using reliable and representative data, concludes the gambling is a challenge for South African consumers, and is one of the factors causing financial distress.
“The market is under severe destress as it is,” says Jaco van Jaarsveldt, chief strategy and innovation officer at Experian Africa. “We see that the rate of distress is higher for gamblers than for others.”
However, all segments of the market are equally impacted, but the study clearly isolates that it is the younger portion of the market that spends a larger portion of their monthly income on…