In a land of private enterprise and capitalism a Bankrate.com study reveals 3 in 10 low income Americans spend an inordinate amount of money on lottery tickets ($412/annually compared to $105/year for high-income households).  An authority on the subject said: “Lotteries have become an alternative mechanism of social mobility—a way of achieving financial success in an economy that’s increasingly bereft of those opportunities.  There’s an understandable belief that the economy is rigged and your best chance of making it out and getting rich is through the lottery, not through your job or savings.” Americans spent $80.3 billion on lotteries in fiscal year 2017, up … Continue reading Circuitous Lottery Winnings