$DATI Mission: Financial literacy matters because
Post# of 102019
The lottery isn’t a magic bullet
A financially literate adult should have a basic understanding of the deeply predatory lottery system. Statically someone is 35 times more likely to be murdered in the Grand Canyon than win the lottery, but data is no match for the powerful emotional grip of a potential jackpot win. Low income Americans are targets of exploitative marketing tactics; successfully convincing 38% of people earning less than $25,000 income per year, that the lottery is the path to accumulating wealth. Even more disheartening is that people earning less than $10,000 a year spend, on average, 6% of their income on lottery tickets. This vicious cycle must be broken. https://digitalamn.com/about-us/financial-literacy/