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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Tahira K. Hira, Ph.D., CFP,
Iowa State University
1086 participants of CCS Des Moines educational sessions
Six members of gambling anonymous group in Des Moines
*1 = $1-1000; 2 = $1001-5000; 3 = $5001-9000; 4 = $9,001-15,000;
5 = $15,001 - 25,000; 6 = $25,001 or more
% Mean Debt Max. Debt
gamblers 3 $7,767 $32,000
Gamblers 7 $11,526 $55,000
“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.”
I took out $1,000 from my life insurance policy, and
borrowed $6,000 from my two sisters.”
“When I quit gambling, I had so much time on my hands.....