Australians lose more money to gambling in a year than government spends on aged care, report finds
by Henry Belot from on (#6VP55)
The $31.5bn lost each year likened to a hidden, unspoken black hole' that cost-of-living policies have not addressed
Get our breaking news email, free app or daily news podcast
Australians are losing more money to gambling each year than the federal government spends on aged care and almost as much as it spends on the national disability insurance scheme, a new report has found.
The report by Equity Economics found that despite the cost-of-living crisis, the amount of money being lost to gambling has significantly increased. Expenditure on gambling has also risen faster than the cost of education, housing and inflation.
Sign up for Guardian Australia's breaking news email
Continue reading...