The folks on Wall Street consistently prove they are out of touch when it comes to the habits of the average consumer but this one is definitely one of the more wild takes.
Meredith Whitney, of her own advisory group, stopped by CNBC to give her thoughts on sports betting’s impact on spending.
According to her, sports gambling is giving men pleasure, but is taking money away from their savings to buy houses and raise families. She also adds it could be impacting how much sex men are having which, apparently, is not enough for the likes of these pundits.
Read More: Barstool Sports
