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Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Ms Sans Serif
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[quote:Anonymous Coward 28694200:MV8yMDY2MTAxXzM0NzY5MzczXzUwM0I3QTgz] [quote:mathetes:MV8yMDY2MTAxXzM0NzY5MDc3XzU1MTAwMEMz] [quote:Anonymous Coward 28694200:MV8yMDY2MTAxXzM0NzY4NzgwX0YxMUZGODRG] [quote:mathetes:MV8yMDY2MTAxXzM4RDNDMUI2] States across the nation rely on poor suckers to fund their spending. No, we’re not talking about taxpayers – we’re talking about lottery ticket purchasers. According to new studies, households earning $13,000 per year spend almost $1,170 per year on lottery tickets – 9 percent of total income.[b] As it turns out, many people living in poverty make poor financial decisions. [/b] http://www.breitbart.com/Big-Government/2012/11/28/Average-family-earning-$13K-spends-on-lottery [/quote] Always knocking the poor. While I agree that the odds are definitely not in their favor, it is a rational decision: the off chance of getting out of poverty gives hope.... [/quote] I'm not knocking the poor for buying lotto tickets, [b]I'm knocking these poor idiots who spend almost 10% of their income on lotto.[/b] Save some money, buy your kids some better food, get a fricking education, but don't squander 10% of your income on the lotto [/quote] It's not that they spend it all at once. And face it, poor parents can NEVER fund private education -- the kids are on their own. Savings? haha. I'll describe this rational decision. Imagine this: everytime they go shopping with the kids they have to deny them sweets, fast food, toys, games, and everything else they might demand. So what simple pleasure will suffice? Buy a lottery ticket,,, it's a game so the kids love it,,, and alot of times you win, not much but watch those little eyes light up!, And shit!, you never know there might be a big payoff and easy street out of poverty. It's pathetic life for some people, but it is a rational decision.... [/quote]
States across the nation rely on poor suckers to fund their spending. No, we’re not talking about taxpayers – we’re talking about lottery ticket purchasers. According to new studies, households earning $13,000 per year spend almost $1,170 per year on lottery tickets – 9 percent of total income.
As it turns out, many people living in poverty make poor financial decisions.
link to www.breitbart.com
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