Gambling impact on work family and family finances
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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

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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.”


Gambling impact on work family and family finances

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 cards43%

  • Had consolidated loans:55%


Gambling impact on work family and family finances

GAMBLING STATUS

  • Yes = 55%

  • No = 45%


Male female gamblers differences by age

Male/Female Gamblers:Differences by Age

  • 2 = p < .08


Male female gamblers differences by marital status

Male/Female Gamblers:Differences by Marital Status

  • 2 = 12.87, p < .002


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 DebtMax. 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


Number of consolidated loans by age for gamblers

Number of Consolidated Loansby Age for Gamblers

  • 2 = 49.08, p < .000


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


Gambling impact on work family and family finances

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.”


Gambling impact on work family and family finances

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.”


Gambling impact on work family and family finances

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.”


Gambling impact on work family and family finances

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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