Playing the Lottery is NOT a Ticket to Financial Security
I read, “Thousands Later, He Sees Lottery’s Cruelty Up Close,” in the New York Times and I am reminded, while there are strong moral and religious arguments against the lottery, the best reason to avoid playing the lottery is that it is inherently unfair.
“Thousands Later …” is about a gentleman in New York who, with an annual income of $40,000, spent $30,000 on the lottery last year. (How he swings that is surely another issue.) He has thrown away money in this fashion during the last three years and has won only 3 times, $1000, $2000 and $2000. Of course, he “reinvested” the “winnings” and lost them.
The lottery is such a sucker’s game.
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