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 OMG: 60% of Millennials think winning the lottery is a solid retirement strategy

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OMG: 60% of Millennials think winning the lottery is a solid retirement strategy Vide
PostSubject: OMG: 60% of Millennials think winning the lottery is a solid retirement strategy   OMG: 60% of Millennials think winning the lottery is a solid retirement strategy Icon_minitimeWed May 08, 2019 8:40 pm
File this under “things that make you smack your own forehead.”
According to a new survey conducted by consumer investing app STASH on attitudes toward investing, approximately 40% of U.S. consumers—and nearly 6 in 10 Millennials—say winning the lottery could be a good retirement bet.

OMG: 60% of Millennials think winning the lottery is a solid retirement strategy 2Q==

STASH partnered with Propeller Insights for an online survey of 1,156 respondents in March which found the disturbing responses.
“Playing the lottery may be fun, but it’s the opposite of a safe bet,” said Brandon Krieg, co-founder and CEO of Stash, in a statement (of the obvious). “Instead of crossing their fingers and hoping their lottery jackpot dreams come true, people can take concrete steps to improve their finances.”
Of course, a person has a better chance of having any of the following happening to them than they do of winning the lottery:


  • be killed by a vending machine
  • be attacked by a shark
  • be elected President of the U.S.
  • give birth to identical quadruplets
  • be diagnosed with the plague
  • survive a plane crash
  • be killed by a falling coconut
  • be declared a saint
  • be killed by an asteroid or meteorite impact
  • be killed by a hippopotamus


This particular survey found 76% of Millennials said they live paycheck-to-paycheck. Nearly half of survey respondents said they would start building retirement nest eggs if they had more knowledge about how and where to invest, and more than one third said access to free, high-quality advice would be an incentive for them to invest.
Yeah, it sounds like they really, really need more knowledge if they think winning the lottery is a solid strategy for funding retirement.

https://401kspecialistmag.com/weekend-wackiness-lottery-retirement-plans-dave-ramsey-fanatics-and-more/

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