| Statistically, the lottery attracts a slew of people from | | | | The fact is, many play the lottery because they don't |
| lower-income households. Why? And is the lottery | | | | understand how to REALLY gain wealth; people think |
| really worth it? Does the relatively insignificant cost of | | | | their best shot comes from a ticket that will ultimately |
| one ticket make the nearly impossible chance of | | | | give them almost no chance of winning. That ought to |
| winning millions worth the time and money? | | | | tell you how confident we are in gaining wealth the |
| Some call it "a tax on stupidity." Many would agree... | | | | right way- rolling up our sleeves and putting in a good |
| Albert Einstein remarked, "Only two things are certain: | | | | 40 hr. work week. |
| the universe and human stupidity; and I'm not certain | | | | These statistics alone ought to bring our attention to a |
| about the universe." | | | | more important discussion: maybe our poor spending |
| In 1999, the Consumer Federation of America and a | | | | habits, including that of wishing for wealth through a |
| firm called Primerica did a survey the produced some | | | | lottery ticket, would be changed if our financial IQ |
| very interesting results. 40% of Americans with | | | | improved. |
| incomes between 25k and 35k thought winning the | | | | In fact, I dare say that if America understood that if |
| lottery would give them their entire retirement; overall, | | | | you were to save a mere $100 per month at the age |
| 27% of this survey's respondents concluded that their | | | | of 21, that 500k dream would become a reality for |
| best chance at 500k for their lifetime would come | | | | many more! We need to improve our financial IQ! |
| from a lottery! | | | | If you are going to play the lottery, make sure you're |
| It sounds like those of us who don't make a lot of | | | | playing it for fun- don't play it for riches because it |
| money as it is are looking for a shortcut. | | | | won't happen. |