(https://www.marketwatch.com/story/sports-betting-to-build-wealth-is-becoming-the-new-american-dream-1e29b728?mod=mw_rss_topstories) is now the aspirational shortcut for people under 30 instead of, say, a job or education. That's not a cultural moment — that's a broken savings rate hiding in plain sight. When the marginal consumer shifts from "I'll work hard and invest" to "I'll arbitrage gambling odds," consumption elasticity flips hard in a downturn.

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