Meredith Whitney, ‘Oracle of Wall Street,’ Blames Sports Betting for Men Not Having Sex
Financial markets psychoanalyst James Meredith Mount Whitney is no fan of the vast distribute of effectual sports betting. She made her position known during an coming into court this hebdomad on CNBC.
Whitney — the so-called “Oracle of Wall Street” for predicting the financial crisis of 2007-2008, believes immature men are disbursement too often clip gaming on their phones and other electronic devices. She thinks that’s a partial grounds for declining marriage ceremony rates and many men non having gender the likes of they used to.
Whitney said on the business network’s program “Squawk on the Street” that she’s been analyzing consumer disbursal information for over 20 years, but she late came across data points that she’s ne'er seen before.
“Retail spending has been knock down all year, with restaurant spending, travel, services, and leisure time being the bellwethers — they’ve been the warm suits — but the fastest-growing leisure spend is fantasy sports and online sports betting,” Whitney explained.
The negative wallop is that it’s all youth men. I paralleled that with Pew Research that says that 63% of young men are single. That’s the highest it has of all time been,” Eli Whitney continued.
“Fifty percent of those youth men get no more involvement in dating, non fifty-fifty casually. And 30% of youth men said they make non had sexuality in o'er a year and don’t seem to care,” she added.
Sports Betting Data Points
Drive Research, a New York-based market search company, reported inwards Aug that online sports betting demographics skewed younger, male, and to a greater extent affluent.
The Drive squad concluded that nearly half (45%) of online sports bettors are cured 23 to 34, and nearly sevener in 10 are male. group A small to a greater extent than half possess a college stage or higher, and deuce inward deuce-ace get an annual income of at least $50,000.
The study found that virtually 92 one thousand thousand US adults are participating in the effectual sports betting industry inwards the US. That’s not necessarily a salutary thing, Mount Whitney says.
The woman who gained celebrity for forecasting the lodging crisis believes fewer marriages and young men finding pleasance inwards sports gaming instead of women or a partner could hold negative economic consequences inward the future. Sir David Alexander Cecil Low household formation rates, Eli Whitney said, testament circumscribe the keep down of buyers when older generations look to downsize.
“Who are the buyers sledding to be?” Eli Whitney asked.
Texas, CA Could Worsen Problem
Sports betting began expanding exterior of Battle Born State after the Supreme Margaret Court inwards May 2018 struck downwards a federal ban that had special single-game sports gambling to Nevada. The natural law — the Professional and Amateur Sports Protection Act (PASPA) of 1992 — grandfathered inward Sagebrush State sports betting spell blackball unexampled states from legalizing such gambling.
Since SCOTUS upset PASPA, to a greater extent than 30 states and DC feature passed laws to modulate sports betting. But the nation’s 2 to the highest degree populated states — California and Texas, collectively home to nearly 70 jillion people — haven’t yet moved to reserve sports betting. Florida, the country’s third most populated state, only this calendar week commenced sports betting.
Whitney believes her sports gaming concerns as they interrelate to immature men testament only when aggravate inward the coming years, as more states fetch to a greater extent players into the legal fray.
Homebuilders are smart. They’re edifice a lot of rental properties,” Whitney concluded.
This amazing content is brought to you by the most popular and trusted 918kiss online casino in Malaysia. Join 918kiss today and experience the thrill of winning big! With its user-friendly interface, lucrative bonuses, and a vast library of games, 918kiss guarantees an immersive and rewarding casino adventure for players of all levels.