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Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets

 
Hitokiri

User ID: 5411475
United States
11/29/2012 03:06 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
You might be poor if...


You rent your furniture.

You play the lottery.

You buy cheap Chinese crap from Wal-Mart.

You spend more on bailing wire and duct tape than it would cost to replace your leaky tail pipe.

Your TV is bigger than your dinning room table.
 Quoting: BRIEF


You have ever uttered the phrase "My Obamaphone".
 Quoting: Carshy McCarsh


If you price shop on the 20th and tell them you'll be in on the first...
 Quoting: BRIEF


If you wear pajamas to the grocery store.
"You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it." -Morpheus
Fatstogie

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11/29/2012 03:07 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
And for the rich too stupid to understand.

What this means is people do not value money. Because money has no motherfucking value. This isnt something to poke fun at them. it is the reason why all the money you have will become useless.

youll thank them later. All those acorns youre hoarding? Arent real acorns anyway.
BRIEF
Rebel with morals

User ID: 381742
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11/29/2012 03:07 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
You might be poor if...


You rent your furniture.

You play the lottery.

You buy cheap Chinese crap from Wal-Mart.

You spend more on bailing wire and duct tape than it would cost to replace your leaky tail pipe.

Your TV is bigger than your dinning room table.
 Quoting: BRIEF


You have ever uttered the phrase "My Obamaphone".
 Quoting: Carshy McCarsh


If you price shop on the 20th and tell them you'll be in on the first...
 Quoting: BRIEF


LOL, I don't even know what that means.
cruise
 Quoting: Carshy McCarsh


Welfare checks are deposited on the first of each month, so when they need to purchase a product or service they call around to see who is the cheapest and then tell the merchant they will be in on the first to buy the product...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Hitokiri

User ID: 5411475
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11/29/2012 03:08 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
perhaps the chance of winning the lottery is the only happiness that they get. it allows their imagination to go wild
 Quoting: Tic-Toc-


Yeah... Fuck books, right?! Lol
"You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it." -Morpheus
BRIEF
Rebel with morals

User ID: 381742
United States
11/29/2012 03:10 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
perhaps the chance of winning the lottery is the only happiness that they get. it allows their imagination to go wild
 Quoting: Tic-Toc-


Nah, they fuck and watch tv for entertainment...in fact everything they do is for entertainment...unless they actually have a job, then they bitch and moan while they do as little as possible to keep from getting fired, and then they pursue pleasures after work...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 28715691
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11/29/2012 03:10 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
DICK HEADS
dookie stain
User ID: 1404507
United States
11/29/2012 03:10 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
After "check day" the bodegas in the hoods look like casinos with all the scratch off gamblers....coincidence? I think not....its kinda funny too....instead of buying a bunch of tickets and going home they buy and scratch them one at a time in the bodega...the floor is littered with tickets and the regulars suck on 40ozer while playing....ghettoan culture....
Anonymous Coward
User ID: 28692878
United States
11/29/2012 03:12 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Lotteries are a tax on hope.
 Quoting: Prostetnik


They're not a tax at all, they're voluntary.
 Quoting: Carshy McCarsh


So is Income tax. Supposedly.
Anonymous Coward
User ID: 23943453
United States
11/29/2012 03:12 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
As long as they are truly "earning" the money, it is not relevant to me. They can spend it on whatever. If it comes through the government taking my tax dollars I have a problem.
Anonymous Coward
User ID: 1550123
United States
11/29/2012 03:13 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
perhaps the chance of winning the lottery is the only happiness that they get. it allows their imagination to go wild
 Quoting: Tic-Toc-


Nah, they fuck and watch tv for entertainment...in fact everything they do is for entertainment...unless they actually have a job, then they bitch and moan while they do as little as possible to keep from getting fired, and then they pursue pleasures after work...
 Quoting: BRIEF


guess they have it figured out. they hardly work and get food stamps, almost free housing, free medical and many other handouts. no wonder they have money to blow. guess they figure the ones working so hard paying for stuff for others are the stupid ones. <sigh>
Anonymous Coward
User ID: 25915094
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11/29/2012 03:15 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Maybe the US shouldn't be giving Israel $94,000 per household each year....FREE.

At least our poor buy something inside the US economy with the money we give them.
heyohut
User ID: 14652484
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11/29/2012 03:16 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
As it turns out, many people living in poverty make poor financial decisions.

WOW - what a realization!
BRIEF
Rebel with morals

User ID: 381742
United States
11/29/2012 03:20 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
perhaps the chance of winning the lottery is the only happiness that they get. it allows their imagination to go wild
 Quoting: Tic-Toc-


Nah, they fuck and watch tv for entertainment...in fact everything they do is for entertainment...unless they actually have a job, then they bitch and moan while they do as little as possible to keep from getting fired, and then they pursue pleasures after work...
 Quoting: BRIEF


guess they have it figured out. they hardly work and get food stamps, almost free housing, free medical and many other handouts. no wonder they have money to blow. guess they figure the ones working so hard paying for stuff for others are the stupid ones. <sigh>
 Quoting: Anonymous Coward 1550123


No, they are unfulfilled and miserable...fun is not happiness and poor people are selfish, always looking for the next item to make them "happy" as soon as they can afford it...

They will be the fist to go crazy when the system can't collect enough taxes to give them handouts any longer, they have nothing to fall back on...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 7570540
United States
11/29/2012 03:22 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Most of them want something for nothing and are lazy. They go to school and piss away their opportunities and graduate (if they go that far) at the bottom of their class. They have kids early and cannot afford them. They get no training and end up working at dead-end minimum wage jobs. Then, rather than feeding their kids, they are hoping for that one big score. But, you cannot make the stupid smart by outlawing the lottery. Hey, their money helps to fund my kids GA Tech engineering degrees so they can spend as much as they want and it's OK by me.
Anonymous Coward
User ID: 1550123
United States
11/29/2012 03:27 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
perhaps the chance of winning the lottery is the only happiness that they get. it allows their imagination to go wild
 Quoting: Tic-Toc-


Nah, they fuck and watch tv for entertainment...in fact everything they do is for entertainment...unless they actually have a job, then they bitch and moan while they do as little as possible to keep from getting fired, and then they pursue pleasures after work...
 Quoting: BRIEF


guess they have it figured out. they hardly work and get food stamps, almost free housing, free medical and many other handouts. no wonder they have money to blow. guess they figure the ones working so hard paying for stuff for others are the stupid ones. <sigh>
 Quoting: Anonymous Coward 1550123


No, they are unfulfilled and miserable...fun is not happiness and poor people are selfish, always looking for the next item to make them "happy" as soon as they can afford it...

They will be the fist to go crazy when the system can't collect enough taxes to give them handouts any longer, they have nothing to fall back on...
 Quoting: BRIEF


True, I have a 'friend'(i was one to her but not the other way around) who has got the give me/entitlement mentality now and I can't stand to be around her. She use to be a hard worker then got 'fibromyalgia' which then got her on disability. Now she is lazy and thinks people should feel sorry for her and give her what she wants. It really becomes a sickness. She has made herself mentally ill with her sick thinking. It really is a shame.
Anonymous Coward
User ID: 28226020
United States
11/29/2012 03:30 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Last year I was out of work and having a hard time finding a job.

I offered to cut my nieghbors 15foot hedge that lines his entire yard, it took me almost a week to finish it and clean up the mess. He paid me 300$, I went to dinner that night and put 10$ down on keno and won 5000$.

It was the answer to everything at the time and I would have been screwed financially now had I not won.

So just because you haven't won doesn't mean that people are not winning, you just have bad luck the 10$ risk was worth it at the time.

Also since we are making generalizations about people here in this thread, i've found that most rich people I've met are just tightwads and typically extremely narassitic, lacking any empathy for their fellow man. Rich financially and completly devoid of any moral value.

But each to his own, if you like collecting a bunch of green paper that has no real value in the end, then more power to you.

Just remember you can't take it with you when you go, and your kids will end up hating each other fighting over what's left.
Anonymous Coward
User ID: 1550123
United States
11/29/2012 03:39 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Last year I was out of work and having a hard time finding a job.

I offered to cut my nieghbors 15foot hedge that lines his entire yard, it took me almost a week to finish it and clean up the mess. He paid me 300$, I went to dinner that night and put 10$ down on keno and won 5000$.

It was the answer to everything at the time and I would have been screwed financially now had I not won.

So just because you haven't won doesn't mean that people are not winning, you just have bad luck the 10$ risk was worth it at the time.

Also since we are making generalizations about people here in this thread, i've found that most rich people I've met are just tightwads and typically extremely narassitic, lacking any empathy for their fellow man. Rich financially and completly devoid of any moral value.

But each to his own, if you like collecting a bunch of green paper that has no real value in the end, then more power to you.

Just remember you can't take it with you when you go, and your kids will end up hating each other fighting over what's left.
 Quoting: Anonymous Coward 28226020


If you earn the money yourself who cares what the person is like. They can be as selfish or giving as they want. It is the people who 'steal' from others because they are lazy and don't want to work I have a problem with. I have no problem helping out people who are trying to find work or who are working poor and need a break.
Copperhead

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11/29/2012 04:06 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Last year I was out of work and having a hard time finding a job.

I offered to cut my nieghbors 15foot hedge that lines his entire yard, it took me almost a week to finish it and clean up the mess. He paid me 300$, I went to dinner that night and put 10$ down on keno and won 5000$.

It was the answer to everything at the time and I would have been screwed financially now had I not won.

So just because you haven't won doesn't mean that people are not winning, you just have bad luck the 10$ risk was worth it at the time.

Also since we are making generalizations about people here in this thread, i've found that most rich people I've met are just tightwads and typically extremely narassitic, lacking any empathy for their fellow man. Rich financially and completly devoid of any moral value.

But each to his own, if you like collecting a bunch of green paper that has no real value in the end, then more power to you.

Just remember you can't take it with you when you go, and your kids will end up hating each other fighting over what's left.
 Quoting: Anonymous Coward 28226020


I bet the odds of winning $5000 from Keno were not 175000000 to one. I'm glad that green paper you won helped you out.
Kirk

User ID: 25384388
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11/29/2012 04:23 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
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]
 Quoting: mathetes


A big win is a poor persons ONLY chance at escaping their situation in life.
Worry is a misuse of the imagination.
BRIEF
Rebel with morals

User ID: 381742
United States
11/29/2012 04:35 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
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]
 Quoting: mathetes


A big win is a poor persons ONLY chance at escaping their situation in life.
 Quoting: Kirk


That's bullshit...they need to change their thinking and poor habits and they can climb out of poverty...it's just easier to throw your hands up and say fuck it I'll just play the lottery...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
User ID: 28733797
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11/29/2012 04:46 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
They got their "source" originally from a twitter feed, which then sourced a PBS transcript, which a brief mention of a 2008 article in the Journal of Risk and Uncertainty, which is misrepresented by the PBS commentator Jeffrey Brown.

The actual article is

Myopic Risk seeking: the impact of narrow decision bracketing on lottery play.

[link to sds.hss.cmu.edu]


This study was not trying to find out what percent of the poor bought lottery tickets, and there is not any info about households less than 13,000 buying 9% of their income in tickets , but they do mention several papers on lottery statistics offhand, it's possible one of these papers has the statistic, not so far I've been unable to find it.

The closest is this line
"Approximately 50% of households with an income less than $25,000
play the lottery, and among the households that play, the annual per capital expenditure is upwards of $550 (Clotfelter et al. 1999)"

but it's not clear if the $550 is the average for all Household or, only those of 25,000 and lower. Still it's not 9%, especially if you remember that 50% of the poor do not play at all.

One paper on lottery statistics says that the annual amount spent on lottery tickets broken down by income brackets doesn't vary much, from $125-$145. Of course this means lower income brackets use a higher percentage of their income, but that's a given for anything the poor purchase.

I also found several blog posts pointing to the 2008 journal article in Risk and Uncertainty, saying it says the same thing that the PBS douchebag did when it in fact does not, so these "journalists" are not checking source, including the schmuck from PBS
Major_Pane
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11/29/2012 04:50 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
They are investing a certain sum of money in a high risk, but high payoff investment portfolio.

I guess what they mean is when poor people do this, they are wasting their money on get-rich-quick schemes, but when millionaire venture capitalists do it, they are Industrial Giants.
ParallaxPam

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11/29/2012 04:54 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
What I find amazing is that universally those who hope to win the lottery, also hope not to be struck by lightening.
 Quoting: Prostetnik


Actually, they hope to BE struck by lightening since the odds are the same if not more to be struck than to win a lottery.
Anonymous Coward
User ID: 19442819
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11/29/2012 04:56 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
When state budgets are coming up short, they can manipulate the PB numbers. Two times this year the PB has reach well over 400mil.

Look at the past years, nothing compares.

But try to find out how much money PB tickets sales generated yesterday alone, when only a very small percentage went into the jackpot. So the state divvy up the amount taken in, yet cry because they claim no money.

They are allow to lie and manipulate to make the numbers work in their favor and it is legal. Yet they keep everything hush, hush.

Really makes one wonder who is taking from the kitty?
ParallaxPam

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11/29/2012 05:00 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Last year I was out of work and having a hard time finding a job.

I offered to cut my nieghbors 15foot hedge that lines his entire yard, it took me almost a week to finish it and clean up the mess. He paid me 300$, I went to dinner that night and put 10$ down on keno and won 5000$.

It was the answer to everything at the time and I would have been screwed financially now had I not won.

So just because you haven't won doesn't mean that people are not winning, you just have bad luck the 10$ risk was worth it at the time.

Also since we are making generalizations about people here in this thread, i've found that most rich people I've met are just tightwads and typically extremely narassitic, lacking any empathy for their fellow man. Rich financially and completly devoid of any moral value.

But each to his own, if you like collecting a bunch of green paper that has no real value in the end, then more power to you.

Just remember you can't take it with you when you go, and your kids will end up hating each other fighting over what's left.
 Quoting: Anonymous Coward 28226020


yeah...things happen when they need to. My parents won the Kansas State Lottery several years back. It was only 60K and they ended up with 48K after taxes but it was enough at the time for them to pay off all debt and allow my dad to take the early retirement deal American Airlines was offering. Shortly after that (a couple of months) the house next door to mine was put up for sale. It was basically my parents dream house. They bought it and moved in. A year later my dad died from some inexplicable sudden illness at only 65.

Lottery curse? IDK.
geminilion

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11/29/2012 05:03 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Scratch off tickets especially, I see it all the time. A few years ago this lady came up to me on the street while I was walking home from work and started crying about needing a dollar for the bus. I, like an idiot, believed her.

I had some running around to do and lo and behold..there she was scratching off lottery tickets. I told her if it's a winner she owes me a buck. She just glared at me like she wanted to kill me.
..."The soul is dyed the color of its thoughts. Think only on those things that are in line with your principles and can bear the light of day. The content of your character is your choice. Day by day, what you choose, what you think, and what you do is who you become. Your integrity is your destiny ... it is the light that guides your way."
Heraclitus
snark

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11/29/2012 05:20 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
It is so annoying when there is only one cashier line at the gas station and some fool is trying to buy, or worse- cash in, lottery tix. UGH. Takes forever. The worst part is if they win ANYTHING they are hooked.
T For Texas, T For Tennessee!


The virtue of courage is a prerequisite for the practice of all other virtues, because otherwise one is virtuous only when virtue has no cost. There are times when something needs to be done, and yet we know that if we step up and do this needful thing, we will pay a heavy personal price. -C.S. Lewis
Joker

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11/29/2012 05:33 PM

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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
bsflag
 Quoting: Anonymous Coward 14564403


I agree...
Anonymous Coward
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11/29/2012 05:34 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
guess they have it figured out. they hardly work and get food stamps, almost free housing, free medical and many other handouts. no wonder they have money to blow. guess they figure the ones working so hard paying for stuff for others are the stupid ones. <sigh>

You'd probably do the same if you knew you could support your family better with the assistance you received than with a minimum paying job.

I actually know of someone who chose that route for exactly those reasons! It was only temporarily though until she re-married.

Maybe it's time to re-think minimum wages. But then again, the rich people wouldn't be so rich anymore if they had to put some of their profits back into the people responsible for making them rich in the first place.
Anonymous Coward
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Australia
11/29/2012 06:11 PM
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Re: Poor Households Earning $13K Per Year Spend Over $1K On Lottery Tickets
Poor people do poor people things, rich people do rich people things...

Poor people use the lottery as a retirement plan, rich people save and invest...
 Quoting: BRIEF


Yes but the result is the same, or haven't you been watching the economy

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