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by hellogoodbyeeee 2790 days ago
Is $800 a year a lot? Invested for 30 years with a 8% return it will be $100k or maybe $300/month in safe withdrawals. Im not trying to beg a question here... Really is that a lot of money? $300 isn't enough to live on but it's maybe a quarter of the poverty line? I guess that would be significant when added to social security.

Is that per capital lottery spend just total sales divided by population? The more interesting statistic would be average spend by people who buy at least a ticket a month. I'm sure the $761/month is brought down by people who buy 0-5 tickets a year.

1 comments

$800 buys a lot of food, pays a lot of bills and could keep a roof over your family's head for a month or two depending on where you live.

Reminder that 40% of Americans can't cover a $400 emergency expense[1].

[1] https://money.cnn.com/2018/05/22/pf/emergency-expenses-house...