Sunday, January 17, 2016

Poor people buy lottery tickets.

I almost bought a Powerball lottery ticket. Here is who does:
Nationwide, people who make less than $10,000 spend on average $597 on lottery tickets — about 6 percent of their income. ...

Nationwide, African Americans spend five times more on lottery tickets than white people. ...

One in five Americans believe the lottery is the only way they can accumulate a significant amount of savings.
I have heard that half of big jackpot winners declare bankruptcy within 5 years. Some are also victims of crimes.

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