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Gambling: Impact on Work, Family, and Family Finances. Tahira K. Hira, Ph.D., CFP, Professor, HDFS Iowa State University. Back ground. According to Volberg studies (1995, 1989) since 1989 there has been a significant and substantial increase in the prevalence of problem gambling in Iowa.

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gambling impact on work family and family finances

Gambling: Impact on Work, Family, and Family Finances

Tahira K. Hira, Ph.D., CFP,

Professor, HDFS

Iowa State University

back ground
Back ground
  • According to Volberg studies (1995, 1989)
    • since 1989 there has been a significant and substantial increase in the prevalence of problem gambling in Iowa.
  • She concluded:
    • between 10,000 & 31,000 are currently probable pathological (compulsive) gamblers, and
    • 33,000 to 62,000 Iowans are “problem gamblers.”
slide3

Objectives

  • To ascertain the use of credit cards and level of credit card debt among gamblers.
  • To ascertain the impact of gambling on work, family relations and family finances.
sources of data
Sources of Data
  • Quantitative:

1086 participants of CCS Des Moines educational sessions

  • Qualitative:

Six members of gambling anonymous group in Des Moines

sociodemographic characteristics
Sociodemographic Characteristics
  • Female 55%
  • Mean Age 38 yrs.
  • Mean yrs. of edu. 14 yrs.
  • Single 54%
  • Mean H.H. Size 3
economic characteristics
Economic Characteristics
  • Employed 64%
  • Mean Income $24,169
  • Mean # of credit cards 3 (Max = 21)
  • Mean credit card debt $7,082
  • Had ATM cards 43%
  • Had consolidated loans: 55%
slide7

GAMBLING STATUS

  • Yes = 55%
  • No = 45%
differences between gamblers non gamblers
Differences between Gamblers & Non-Gamblers
  • Income
  • No. of Credit Cards
  • Total Debt
  • No. of Consolidated Loans
  • Age by gender

Statistically

Significant

Differences

mean income
Mean Income
  • Non-Gamblers $24,875
  • Gamblers $23,656
income
Income
  • 2 = 21.21, p < .001
number of credit cards
Number of Credit Cards
  • 2 = 108.10, p < .000
mean credit card debt
Mean Credit Card Debt
  • Non-Gamblers $ 9,961
  • Gamblers $13,055
total credit card debt
Total Credit Card Debt
  • 2 = 170.62, p < .000
gamblers debt by age
Gamblers’ Debt by Age
  • 2 = 56.82, p < .0002

*1 = $1-1000; 2 = $1001-5000; 3 = $5001-9000; 4 = $9,001-15,000;

5 = $15,001 - 25,000; 6 = $25,001 or more

credit card debt respondents without income
Credit Card Debt Respondents without Income

% Mean Debt Max. Debt

Non-

gamblers 3 $7,767 $32,000

Gamblers 7 $11,526 $55,000

number of consolidated loans
Number of Consolidated Loans
  • 2 = 56.82, p < .0002
gambling
Gambling :
  • How does it start ?
  • Why do people gamble?
  • How does it affect:
    • work
    • personal and family life
    • family finances
qualitative data
Qualitative data:
  • Responses from six members of gambling anonymous group
  • Questionnaires and personal interviews
slide22

How does it start?

  • “I started out maybe a couple of times a week, towards the end I was gambling almost every day.”
  • “I started with playing for small amounts of money ($2 to $5), and it got to the point I had to go to the bank before going to play golf. I had to have more money just in case I lost.”
slide23

Gambling and Finances

“I generally didn\'t walk into Prairie Meadows with less than $3,000...

I would cash advance my credit cards, it was costing me $95 to get $3,000.”

slide24

Gambling Debt...

  • “I had about $25,000 in credit card debt, two small loans for about $6,000,

I took out $1,000 from my life insurance policy, and

borrowed $6,000 from my two sisters.”

  • “I owed $37,000 on four credit cards.”
slide25

Impact of Gambling on Family Life

  • “it was to the point where I considered taking my life...I was worth more dead than alive...it’s then I realized I had to change...”
  • “family relations were destroyed irreparably, principal casualty was lack of trust...“
  • “I isolated myself from everyone..”
  • “I ended up in divorce...”
gambling and work
Gambling and Work
  • “I stole from my employer...”
  • “I used to call in sick, then go to the track...if I had lost a bunch of money the night before believe me I was not thinking about work that day....”
time that was spent on gambling
Time that was spent on gambling...

“When I quit gambling, I had so much time on my hands.....

  • I discovered the library,
  • I took my kids to the botanical gardens for the first time,
  • I do things with my wife,
  • I enjoy going home,
  • I enjoy going to work.”
conclusion
Conclusion...
  • Gambling is an important issue
  • It effects family well-being
    • economic and overall
    • it also influences work place
  • there is no argument that:
    • more people in Iowa are gambling, and
    • more people are facing problems due to gambling.
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