Should the lottery system be required to offer a financial literacy course before giving winner’s their money? Many Americans would say “No”, arguing that it is a matter of personal choice as to whether a lottery winner seeks out financial advice concerning their newfound wealth. However, this personal choice could lead to catastrophic consequences without proper financial help, such as bankruptcy. To prevent bankruptcy, which causes unhappiness and depression, lottery winners should be required to take a financial literacy course or to meet with a financial advisor before receiving their winnings. The lottery system has been giving money away to winners for decades without providing them any financial help. When a person wins the lottery, they are given the option to receive their earnings in a lump sum or in yearly payments that get progressively larger over the course of …show more content…
According to Don McNay, a financial advisor who has several lottery-winning clients, approximately 90 percent of lottery winners blow the money they’ve won within 5 years (Morrison). This often leads to lottery winners filing for bankruptcy. The Certified Financial Planner Board of Standards reports that approximately 1 in 3 lottery winners will declare bankruptcy, making them in a worse place than they were before winning the lottery (Edelman). Worse yet, more lottery winners have gotten divorced, become estranged from loved ones, been depressed, abused alcohol/drugs, and committed suicide at a higher rate than the average American (Edelman). Clearly, lottery winners are not happy, despite winning a massive amount of money. This can be traced back to their lack of knowledge as to how to manage their finances. With proper financial advice, these winners could avoid bankruptcy and other life-crippling disasters, giving them happiness in their newfound
The money the lottery provides is lower than many think.Some people say that they are because all state’s give some money to education.But that is only
“Why We Keep Playing the Lottery”, by freelance journalist Adam Piore takes a very in depth look as to what drives millions of Americans to continually play the lottery when their chances of winning are virtually non-existent. He believes that because the odds of winning the lottery are so small that Americans lose the ability to conceptualize how unlikely it is that they are going to win, and therefore the risk of playing has less to do with the outcome, and more to do with hope that they are feeling when they decide to play. It 's essentially, "a game where reason and logic are rendered obsolete, and hope and dreams are on sale." (Piore 700) He also states that many Americans would rather play the lottery thinking ,"boy, I could win $100 million" (705) as opposed to thinking about all of the money they could lose over time.
However the Lottery is setup, it takes a lot of money and does not give back evenly distributed. ‘’the poorest members of society tend to spend (and, by design lose) the most on lottery tickets. ’’ ("Case Studies", 2012). This is where the monster part comes in.
The idea of winning a lottery is associated with luck, happiness and anticipation of good things. In Shirley Jackson's story, " The Lottery", this is not the case. The irony of the story is that the winner of the lottery gets stoned to death by everyone else in the town. The story is very effective because it examines certain aspects of human nature.
In the Article “Lotteries Cheat, Corrupt the People” George Will presents the idea that lotteries are bad for the people, stating that legal gambling boost the productivity of illegal gambling, victimizing poor and minorities populations, and painful way of raising revenue. Will gives many reasons as to why he believes gambling is bad and backs his opinion with many facts on percentages of losers as well as quotes from Thomas Jefferson on the importance of hard work. Although Will presents many different facts I disagree with the general statement that “Lotteries Cheat, Corrupt the People” The reason a Lottery is good for the people starts with the mental aspect, some people can’t live without gambling much like those with a coffee addiction
Winning the lottery is a dream most people have; it is magical thinking, believing that you, the ticket buyer will be the one defying all the odds. The only ones, from the hedonistic utilitarian standpoint whosehappiness will increase are those who actually win the lottery, a very small number from among all the players. The hedonistic utilitarian standpoint is not ethically recommendable because the lottery is only selling the dream of winning it while filling the state coffers with people’s hard earned money. (Brusseau, J. 2012)
The word lottery is almost always paired with the word winner. However, winner usually means receiving an award of some sort,
In today’s society we perceive the lottery as being a great fortune brought down upon you by Lady Luck. It is a serendipitous event, even if the person has done nothing to earn it. One would never see the lottery as an unfortunate occasion that occurred in your life because it is supposed to bring prosperity into your life. Also, one would not dare to think that winning the lottery would bring such repercussions as injury or death. In the short story “The Lottery” by Shirley Jackson, the author could have used Mrs. Tessie Hutchinson as the town’s scapegoat due to their reluctance to change traditions, her horrible work ethic, and minority status as a woman.
We see a very disturbing ending in the Shirley Jackson’s, The Lottery where the reader believes that the lottery in mention is solely a monetary game of chance, like in our lives presently. However,
“The Lottery” was quite disturbing to read. It is an very unusual story that has an ending that will have you baffled. You will want to reread certain parts to see if there is anything thing that you could have missed. The title of the short story is also misleading. In most cases the lottery is a good thing. People don’t win punishment and lotteries don’t hurt them. But in this story it does just that. The author did a great job of telling how anyone and everyone can follow tradition blindly. It is dangerous not to have a mind of your own and to just follow the crowd even if you don’t understand on agree on why something is happening.
Winning the lottery is something practically everyone dreams of. Similarly, the novel, The Pearl, by John Steinbeck, and the articles “Does Money Equal Happiness?” by Jennifer Davidson and “Winning the Lottery: Does it Guarantee Happiness?” by Elizabeth Landau, all show what happens to people when they become wealthy. With the collection of many circumstances, it has become clear that money cannot buy happiness, because instead, it causes a person to fear, neglect their religion, and be filled with misfortune.
“The Lottery” is a story written by Shirley Jackson. By looking at the title you may think about money prize. In this story takes the readers expectation to another level. By the two words of the title there is no way the reader did not get hook to reading this story. In “The Lottery” Shirley Jackson, uses symbolism, irony, and imagery.
The lottery is something everyone wants to win no matter what the prize. People buy their tickets and await their fates. Some people win the lottery and many more lose. Losing the lottery causes something inside of us to die, but it is almost impossible to quit playing. The gambling becomes an addiction. The reason why people are constantly drawn to these lotteries is because deep down, the people who play them are convinced they can win.
Study Commission showed “ that low and moderate income lottery taxpayers spend more on the lottery than do middle income taxpayers” (Analysis 3,4). In addition, this study revealed that education levels do affect how much a person spends on the lottery. The biggest spenders were
Some of us over the course of our lives, have at least purchase one a lottery ticket. We go to our nearest liquor store, we buy the lottery ticket and pray we are the chosen one. But, how often do we stop and ask ourselves, where does the money from buying a lottery ticket go? A lot of people assume it’s all for fun and games, others might say the sales of lottery tickets are put back into the community, or simply the money is kept by the state, who at the end decide what to do with that money. The fact is that, when someone buys a lottery ticket that money is collected by states lotteries, and they’re the ones who distribute the money according to state law. And if any revenue is left to spare, it goes directly into the state treasury.