Who cares? A lot of seniors gambled in the stock market when they were
younger, and if they want to gamble their money at the casino, that is their
right. We don't need the government telling us what to do.
I'm always reading in the newspaper about old people getting taken by
fraudsters. Presumably this is because as people get old they are less
mentally capable. With all these old people gambling, it 'seems
obvious' given their diminished mental capacity there are those among them
that are getting into trouble financially because of their gambling. Getting
into increasing debt, spending the equity in their house, or going hungry
between their income checks.I pray when I get old my financial
senses don't leave me. Knock on wood.
If I wanted things to do, I'd keep doing other things I enjoy doing. Heavy
exercise may be out of the question at that point, but I could still read,
study, or design.If I just really hated my money and didn't
want it, I'd give it away productively.