Business Maverick: Some Brits turn to gambling, crypto to make ends meet, charity warns

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The charity reported that Britons under growing financial pressure are gambling away their welfare payments in the hope they would cover soaring costs of living – and lost.

Britain’s worsening cost-of-living squeeze is pushing some people into gambling and cryptocurrency investments in last-ditch attempts to make ends meet, a gambling charity warned on Thursday.

The charity reported that some people who it had helped successfully in the past had relapsed into gambling again under the growing financial pressure. A YouGov survey of more than 4,000 people commissioned by GamCare and published on Thursday showed 46% were worried about their financial situation. “Our helpline advisers are hearing that the cost of living is impacting people’s gambling behaviours – particularly those gamblers who have recovered,” said Anna Hemmings, chief executive of GamCare.

 

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