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THE PSYCHOLOGY OF MONEY - Commented Book

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CHAPTER

Why We Buy More Tickets Than You Do

Money has been around for a long time. King Alyatas of Lydia, now part of Turkey, is thought to have created the first official currency in 600 BC. The entire concept of being entitled to retirement is at most two generations old. Before World War II, most Americans worked until they died. Social security aimed to change this, but its initial benefits were nothing close to a proper pension.

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