ON AIR STAR
00:00:00 | 3:02:50

SUPPORT KCRW!

close

FROM THIS EPISODE

Is a 'No-Lose Lottery' the Answer to America's Savings Problem?Americans have a famously low savings rate: a Harvard survey found that half of us, if faced with an emergency, couldn't come up with $2,000 in 30 days. Most people would rather spend than save — and one of our favorite expenditures is playing the lottery. Last year, we spent more than $58 billion on lottery tickets, or roughly $200 per person. As entertainment goes, the lottery is pretty cheap – a dollar and a dream, and all that. But as an investment, it offers a dreadful return, which is why the lottery is sometimes called "a tax on stupid people." We look at a little-known financial initiative that might help people save money while giving them the thrill of the lottery.

SuperFreakonomics

Steven D. Levitt

Upcoming

View Schedule

New Episodes

Events

View All Events

iTUNES SPOTIFY
AMAZON RDIO
FACEBOOK EMAIL
TWITTER COPY LINK
FACEBOOK TWITTER

Player Embed Code

COPY EMBED