Australians paid off their credit card debt in record numbers in May, according to Reserve Bank data. But analysts say the debt repayments have come at the expense of superannuation, with the tax office having approved roughly $25 billion of early withdrawal claims from 2.4 million people. New figures released by the Reserve Bank of…
Online sports betting has become a ‘public health issue’ that is driving young men into huge debt, getting them blacklisted by payday loans and ruining their family lives, new study claims New study from the University of Bath interview young men who bet on sports Subjects kept a 30-day diary of all their sports bets…
A surge in use of online sports betting platforms, and promotional tactics such as free bets to hook users in, pose a significant and growing public health challenge which needs urgent attention from policymakers, according to the author of a new academic study. Writing in the Journal of Public Health, Dr Darragh McGee from the…
By Sally Williams Published: 09:03 AEST, 5 July 2020 | Updated: 09:03 AEST, 5 July 2020 1 View comments I turned 5 into 90 betting on football so thought I must be good at it. That was disastrous Smartphones, online gaming and shrewd marketing have led to such a shocking rise in young problem gamblers,…
Labor has slammed the governments early super access scheme after new research showed a massive jump in gambling expenditure by people taking advantage of it. Shadow Assistant Treasurer Stephen Jones said: Today we learn that one in 10 dollars that has been provided through the governments early access to super scheme has been spent on…
A gambling suicide EVERY day: Shocking report finds 2m families blighted by problem gambling and 50,000 CHILDREN are addicted The House of Lords review found betting blights the lives of two million Britons The panel behind the report urged the Government to curb giant betting firms It called for mandatory checks to ensure gamblers can…
By Dan Whitworth Money Box reporter 5 June 2020 Image copyright Getty Images “It’s like a last-ditch attempt to get the last bit of money out of a gambler. I was just disgusted.” Dave, not his real name, has fought gambling addiction nearly his entire life and now has 50,000 of gambling debt spread over…
The man said he’d accrued a gambling debt abroad in 2017. The man inherited 98,000 after a home he jointly owned, but did not live in was sold in 2018, a report by the Local Government Ombudsman revealed. Within weeks he’d used used the cash to settle a debt he’d built up abroad. He had…
The man said he’d accrued a gambling debt abroad in 2017. The man inherited 98,000 after a home he jointly owned, but did not live in was sold in 2018, a report by the Local Government Ombudsman revealed. Within weeks he’d used used the cash to settle a debt he’d built up abroad. He had…
Should Student Loan Debt Be Easier to Discharge in Bankruptcy? Pro 1 Denying student loan debtors the benefits of bankruptcy is unfair. The US Supreme Court said in 1915 that the benefits of bankruptcy allow debtors to start afresh free from the obligations and responsibilities. Famous business leaders from Henry Ford to President Donald Trump…