‘The past 7 days have been the worst of my financial life’

There’s always someone somewhere who is worse off than you.

Often, you can find them on Reddit. Some people are betting big on bitcoin, others are fretting over the Dow Jones Industrial Average DJIA, +0.64% and S&P 500 SPX, +0.61% Meanwhile, millions of Americans continue to lose their shirt the old-fashioned way.

This Reddit user, the appropriately named MaxedOut79, is 28-year-old independent contractor who earns $80,000 to $90,000 per year. He’s doing pretty well for a man of his years, given that he earns 50% more than the median U.S. household. And this week, it all went horribly wrong.

“Before this past week, I was only an occasional gambler,” he wrote. “I’d buy $5 to $10 in scratch off tickets every couple of months at convenience stores. Last week, I discovered online casinos. I wish I never had. I started off with a mere $100 deposit. Lost it. Then another $100. Lost it.”

Continue reading here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s