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Well our grandparents lived in a world (if they were in a first world country) where working a normal job with a stay-at-home mom was enough for a comfortable r
by michaelscott 4y ago
Well our grandparents lived in a world (if they were in a first world country) where working a normal job with a stay-at-home mom was enough for a comfortable retirement. This made gambling, at best, the entertainment it was viewed as.
In a lot of ways things are much more difficult now considering decades of wage stagflation and the wealth inequality globally, and this is before we factor in the recent rise in inflation everywhere. If you're not in a first world country you can raise these problems by an order of magnitude easily. It's not difficult to see how people look to gambling as the last sliver of financial hope
- throwaway894345 4y agoI think it probably has more to do with them living through the Great Depression and WWII. I don't know why living in better economic times would have made them less cautious.
- michaelscott 4y agoI'm not sure how you got less cautious from my comment. In fact I was saying the opposite, that they viewed gambling as a pastime or entertainment, not as a legitimate way to make money. It's when a person considers it a means of getting out of a financial tight spot that they start to make ridiculous and dangerous bets.