Playing the game – when you’re retired
If you’ve stopped working, you have more free time and you probably have a new budget. It’s important to keep in mind that during any life transition, gambling can lead to serious problems. Especially if you’ve gambled a lot in the past.
2.2% of Ontario adults 60+ have a gambling problem
When you’re living on a fixed income, gambling losses have a serious impact. There’s no way to recoup what you’ve lost – so your financial stability could be in danger. And if you choose to gamble with money that you’ve saved for retirement, you could be gambling with your future. And risking your relationships with family and friends.
Take gambling tips from retired people who have been there
“Don’t look at gambling as your main source of entertainment.”
“Give yourself a gambling reality check – make sure a problem isn’t creeping up on you.”
“Help is out there! If you need it, get it!”
Keep your life balanced with different activities
Many older adults find themselves gambling more often simply because they have more time on their hands. If you do choose to gamble, decide how much you can afford to lose. If you reach your spending limit, it’s time to call it quits.