THE PSYCHOLOGY OF MONEY - Commented Book
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Why You Shouldn't Buy a Lottery Ticket
The lowest income households in the US, on average, spend $412 a year on lotto tickets. Americans spend more on them than movies, video games, music, sporting events, and books combined. Forty percent of Americans cannot come up with $400 in an emergency. Those buying $400 in lottery tickets are by and large the same people who say they couldn't come up with$400 in an emergencies.
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