May 28, 2010

Poor People Spend 9 Percent Of Income On Lottery Tickets and Keno

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Is this really a surprising number? When you have so little, you gamble a bit to think about getting rich, and well it leads to poor tracking of how much you spend right? Right.

The study neatly illuminates the sad positive feedback loop of lotteries. The games naturally appeal to poor people, which causes them to spend disproportionate amounts of their income on lotteries, which helps keep them poor, which keeps them buying tickets.

Via The Consumerist

At Frontgate

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Posted by Jay Brewer at May 28, 2010 7:55 AM
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