The reasons vary, but the inability to make a large financial outlay to buy in bulk, lack of large, typically suburban, supermarket or wholesale stores, or being dependent on public transportation to get to buy toilet tissue all are factors. Simply put, despite mainstream society criticizing the choices poor people make with their money, many of them have very few options on what to buy and how. The result is they often pay more than their middle-class counterparts for goods and services.
Food in inner cities, car insurance rates, car payment interest, banking fees, check cashing fees, and mortgage rates are all usually higher for those with the lowest incomes. Given the social context and economic realities of those living in poverty face, it is virtually impossible to budget and save your way out of poverty.
Until there are real pathways that lead to upward mobility or a more equitable distribution of wealth in America, the poor will be susceptible to schemes like the lottery that actively target them for their own profit. Your email address will not be published. Sign Up. African-Americas spend 5 times more on lottery tickets than white people. Recommended For You. Barry's Tax Inequality Book. Even if they manage to win, a fraction of this prize is contributed to the government services.
Many reasons can make poor people spend their money on lottery tickets. On such reason is that the poor households feel deprived of the facilities that a middle-class or wealthy family enjoys. For these people, the lottery seems the only possible option to make quick income and live their dream life. According to studies and research, people who are not satisfied with their current lifestyle and believe that their regular work schedule is pointless are more likely to develop addictive gambling habits.
They choose lottery and gambling games when their sole purpose of survival is to come out of the poverty and current condition no matter how they do it. Moreover, the companions and surroundings matter when it comes to addictive habits.
If you spend your time with gamblers or friends who spend their money on a lottery ticket, you will follow the same routes. For poor households, the lottery is the ticket to a healthy and better life. They see the lottery as the way to new opportunities and better financial status. In fact, gambling and buying lottery tickets is good for their mental health as it allows them to relax for a while and build hopes of a better future. Spending money on the lottery is much better than feeling helpless, worthless, and hopeless.
This can even lead to clinical depression. In fact, they are promoting and advertising the lottery games to poor ones so that they get their share of revenues. It is quite disturbing to say that poor people generate maximum sales in this industry. As mentioned before, peers play a crucial role in driving more sales for lottery businesses. It may not be surprising to find out that poor people bet on the lottery more than the rich do, but it is quite a shock to learn how much they are contributing to the overall sales of the industry, to the point where the government is actively advertising and relying on this demographic for state lottery revenues.
They are also inclined to spend more on lotto games if they are with people who also play, so it becomes a whole network of lottery players in the community. Jump to By Nicholas Christensen. Play Using Best Tools. Mega Millions.
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