Whether you have a penchant for tasty cocktails or prefer to test your luck at the casino, you aren’t alone. Americans, across all age groups, are spending money on their vices. Cash is the preferred payment method but some are getting into debt because of it.
That’s one of the takeaways from a recent Bankrate.com survey on vice and spending, which found 84% of American adults spend money on at least one substance or gambling method and many are doing it once a week! So could their drinking, betting and smoking potentially put their retirement savings at risk?
Vices Americans are spending the most on
When it comes to what Americans are spending their money on, alcohol and lottery tickets rank highest, particularly among the Gen X and…