FYI: The lowest-income households in the U.S. on average spend $412 annually on lottery tickets, which is nearly four times the $105 a year spent by the highest-earning households, according to a study released on Wednesday by Bankrate.com. And almost 3 in 10 Americans in the lowest income bracket play the lottery once a week, compared with nearly 2 in 10 who earn more than that.
This is a survey of 1,000 people so take the data for what it’s worth but I’ve seen similar numbers in the past. This leads many to conclude lotteries are a tax on the poor. In the past, I may have agreed with this statement but when you’re at the lower end of the wealth spectrum you have the most to gain from winning.
Regards,
Ted
http://awealthofcommonsense.com/2018/09/the-psychology-of-playing-the-lottery/
