Financial coach Rachel Cruze has warned that sports betting and other attempts to make quick money are putting the financial future of many young adults at risk, particularly men in their twenties. Speaking to FOX Business, the bestselling author and co-host of The Ramsey Show said the pursuit of instant wealth is encouraging risky financial decisions that could have lasting consequences.
Sports Betting Is ‘Taking Down a Generation’
Cruze reserved her strongest criticism for online sports betting, which she said is draining the finances of young men at an alarming rate. ‘It is usually guys in their 20s that are doing this, and so staying away from that is so, so crucial,’ Cruze told FOX Business. ‘You’re throwing your money away to sports…