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☆ Americans Believe the Economy Is Rigged Against Them - The New York Times
  + stars: | 2024-02-21 | by ( Katherine J. Cramer | Jonathan D. Cohen | ) www.nytimes.com   time to read: +1 min
We know Americans feel this way because we asked them. While national indicators may suggest that the economy is strong, the Americans we listened to are mostly not thriving. Americans experience these phenomena not as abstract concepts or political talking points but rather as grocery stores and landlords demanding more money. “I just feel like the underdog can’t get ahead, and it’s all about greed and profit,” one Kentucky participant noted. It is the feeling that the economy is rigged against them.
Persons: “, can’t Organizations: American Academy of Arts and Sciences Locations: Kentucky
☆ Why these five states don’t sell lottery tickets
  + stars: | 2022-11-09 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +4 min
Since 1964, when New Hampshire became the first to offer a state lottery, 44 states have started their own or joined multi-state jackpots. More than 200,000 retail stores and other outlets in the United States sell lottery tickets. That’s because when one state adds a lottery, people often flood across state lines to buy tickets. Recently, states that have adopted lotteries have emphasized that sales from tickets will go to social programs. The people likeliest to buy tickets are often the same ones who most rely on these government programs, he said.
☆ Powerball used to have a jackpot limit. Then it exploded
  + stars: | 2022-11-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +4 min
New York CNN Business —The Powerball lottery jackpot is expected to hit $1.9 billion for Monday’s drawing, making it the largest lotto prize ever. But in 1987 when Lotto America, the precursor to Powerball, was introduced, organizers prohibited jackpots of more than $80 million. ”This is a whole new ballgame” Lotto America spokesman Jack Ratigan said at the time. These changes have pushed Powerball jackpots way up. Lotteries are regressive, meaning lower-income groups spend more of their budgets on lottery games than higher-income groups.
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