RE: LeoThread 2025-06-19 00:38
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Many poor people trying to get rich by playing in lotteries.
What do you think about this?
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You are viewing a single comment's thread:
Many poor people trying to get rich by playing in lotteries.
What do you think about this?
It's a dream for many of them.
Most have probably grown up being taught it's a way out of poverty.
Only problem is, chances are they never win. So in reality it makes them be in a worse situation
I think it's more risky than gambling. In gambling there is a good chance to win but in lottery tickets the chances of winning is very little compared to gambling. From my perspective I think buying lottery ticket means the waste of money.
AI responce:
About 61% of people in the lowest socioeconomic fifth play the lottery,
which is the highest rate among income groups
1 . Studies show that
poor individuals spend a disproportionately large share of their income
on lottery tickets--for example, those in the poorest 1% of zip codes
spend nearly 5% of their income on lottery tickets, compared to 0.15% for
the wealthiest 1%
2 . Another study found that people earning less than
$10,000 annually spend about 6% of their income on lottery tickets,
averaging $597 per year
(earning $13,000 or less) spend around 9% of their income, about $1,100
annually, on lottery tickets.
It's tough to see people fall for the 'quick rich' dream. Real growth, whether in finances or life, comes from consistent effort and smart choices, not just luck. It's about building something solid over time.
waste of money!
But at the end of the day they lose more than they gain..
i am not a fan of get rich quick schemes , so I hate lotteries.
And it made the poor people to become poorer
When people are struggling, it's natural to look for any way out, any glimmer of hope, and sometimes the lottery seems like the only door open.
My heart goes out to those who feel they have no other option. It's a reflection of the deep challenges many face. While the dream of instant wealth is powerful, true and lasting change often comes from building skills, creating opportunities, and supporting each other within the community. It's about empowering individuals with tools and knowledge, so they can create their own stability, step by step.
It's a complex issue, and one that requires much thought and compassion.
I have noticed, that majority of large lottery winners end up very BAD, and do it quick.
Poor people have no knowledge and experience how to manage large wealth, typically they vaste all in no time, many of them eventually end their life in tragic ways. Rather often - by a suicide. That is what I have seen during my life here in Lithiuania. I expect other countries maybe not much different.
Sadly, you’re absolutely right. Sudden wealth without the wisdom to handle it can become more of a curse than a blessing.
Financial literacy is something we rarely talk about in poor communities and when that kind of money hits, it overwhelms. It’s heartbreaking how fast things spiral when money arrives without mindset or support.
I know many people are trying to hustle to become rich. , but playing lottery is a no no..
Only very very few number of people were lucky to be rich via lotteries , most lottery players got poorer playing lottery instead of getting rich.
Playing lottery in other to get rich is a wrong way to want to try to become rich , it is a wrong move.
I do not believe playing lotteries is the ideal way to think of becoming rich , yeah I know some people might have become lucky and became rich via lotteries but they are just very rare cases.
Even Michael Bloomberg founder of the media empire which bears his name, won the jackpot in a few lotteries when he was mayor of New York City in the 2000s.
Then again, he may be the exception to the rule.
Lottery is the same as sports betting, and I think not only poor people play it. Many rich people play sports betting, some for the fun of the game, others for a quick money double. At the end, those who lost are more than those who wins.
direct result of a lack of financial literacy unfortunately
It's a tough one. Lotteries give hope, but rarely deliver real change.
Most end up spending more than they ever win.
Building skills or investing small amounts wisely usually beats chasing luck.
For many, it's the only dream that feels accessible. No skill, no degree, no capital… just luck.
Still, I get why they try.
When the system feels rigged, even a tiny chance can feel like something.
It’s true, the lottery feels like hope packed in a ticket
But statistically, it’s more like a “tax on dreams.”
Still, can’t deny the thrill that tiny "what if" brings.
They are poor because that is the exact type of decisions they make with money. If they win they lottery most are poor again within 5-10 years.
I have seen in my own life. My lack of wealth is solely due to my own bad decisions!
I personally think such people are going through the wrong route to get rich
While lotteries can offer a tantalizing opportunity for wealth, they often come with significant risks and low probabilities of success.
Encouraging financial literacy and providing access to more sustainable means of wealth generation could be more beneficial in the long run.
It's honestly pretty heartbreaking when you think about it. When you're struggling financially and can't see any realistic path to getting ahead, spending a few dollars on a lottery ticket might feel like your only shot at changing everything.
The problem is it becomes this cycle, the people who can least afford to lose money are the ones spending the most on these long-shot bets. And of course the lottery always wins in the end.
I mean, I get it though. If you're working minimum wage and barely making rent, what else are you gonna do? Save $2 a week for the next 50 years? Sometimes people just want to believe something good could happen.
It's kind of messed up that buying a lottery ticket feels more realistic than other ways of getting ahead. But that's where we are I guess.
The phrase I heard from my profesor at university, more that 50 years ag, got like burned in a stone (in my memory):
Fools have their own sort of taxes - it's called LOTTERY
That professor was spot on.
Lotteries sell hope to the hopeless and profit from it too.
It’s the dream tax for those who don’t understand math, but crave miracles.