conv.

All stories
Person

Michael McAuliffe

President and founder, Family Credit Management nonprofit — in 1 story, 4 quotes on record.

What they said verbatim

“There used to be friction… Now, you have an app (or apps) on your phone with an open line to your bank account. You can sit on your couch and make multiple bets within a single game”

Denver Post · Sep 23 · Mobile sports betting boom fuels growing debt crisis as apps drain savings

“They're paying interest, often 25% or 30%, to buy their groceries because they just didn't have any money left”

Denver Post · Sep 23 · Mobile sports betting boom fuels growing debt crisis as apps drain savings

“Some people drain their checking and savings accounts to fund wagers. Then they put necessities, like food and gas, on credit cards that carry a balance.”

Denver Post · Sep 23 · Mobile sports betting boom fuels growing debt crisis as apps drain savings

“It's a sobering exercise to see how you're spending money over and over on the same thing and not getting anything in return”

Denver Post · Sep 23 · Mobile sports betting boom fuels growing debt crisis as apps drain savings