Household Debt Crisis Deepens As Betting Drains Stretched Budgets

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household debt crisis deepens as betting drains stretched budgets

Gambling is emerging as a silent but growing driver of household financial distress, deepening debt pressures as South African consumers grapple with rising living costs.

According to DebtBusters, gambling activity is widespread among consumers seeking debt counselling, often diverting money away from essentials such as food, transport and debt repayments.

In many cases, repeated spending on online gambling apps builds up rapidly over a few months, adding to already stretched budgets and increasing reliance on credit.

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