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1   FuckTheMainstreamMedia   2017 Aug 25, 4:27am  

The sky is blue.

2   Y   2017 Aug 25, 6:08am  

Utterly wrong. Fake news.
Paychecks are virtually obsolete.
Over 96% of americans are paid by Direct Deposit.
https://myhrprofessionals.com/2013/09/25/96-percent-of-americans-paid-electronically-via-direct-deposit/
to wit:
'Most workers are living direct deposit to direct deposit'..

tvgnus says

Most workers are living paycheck to paycheck, new survey finds

3   georgeliberte   2017 Aug 25, 6:33am  

Most people have poor or no money management skills and think deferred gratification is a disease.

4   zzyzzx   2017 Aug 25, 8:10am  

georgeliberte says

Most people have poor or no money management skills and think deferred gratification is a disease.

https://www.usatoday.com/story/news/nation-now/2017/08/23/kentucky-lottery-winner-alone-penniless/595927001/

How this Kentucky Lottery winner died alone and penniless

David Lee Edwards, from Ashland, Ky., won $27 million in 2001. He lost it all by 2006.

The Courier-Journal spoke to Edwards right after his win, saying it was "a poor man's dream."

But things didn't go well. After he won the jackpot, Edwards and his wife spent the earnings on a mansion, dozens of expensive cars and a jet. They spent until the money ran out and left them both living in a storage unit after five years, according to the Broward-Palm Beach New Times.

Edwards bought a $1.6 million house in a private tennis and golf community in Palm Beach Gardens, Fla., and spent another $600,000 on another home. He also bought a $1.9 million LearJet, three losing racehorses and two businesses worth $4.5 million.

He collected cars, including a $200,000 Lamborghini Diablo and at one point, the Daily Mail reports, he had $1 million in vehicles parked in front of his house.

In his first three months as a millionaire, he spent $3 million and after one year, he had spent $12 million, reported the New Times.

He had lost every bit by 2006.

Edwards and his wife contracted hepatitis from their needle drug use and both were arrested multiple times for possession of crack cocaine, pills and heroin, according to the New Times.

Edwards died "alone and penniless" in hospice care at the age of 58 in 2013, just 12 years after the lottery changed his life, reported the Daily Mail.

His family and friends say this story is a prime example of the influence of money. By the time Edwards died, he had lost every penny of his fortune and owed thousands of dollars to friends.

5   Strategist   2017 Aug 25, 8:21am  

tvgnus says

Most workers are living paycheck to paycheck, new survey finds

Haven't they done this survey a hundred times? Why keep doing surveys on this when the conclusions never change?

6   Strategist   2017 Aug 25, 8:23am  

zzyzzx says

How this Kentucky Lottery winner died alone and penniless

The Bible got something right....."The love of money is the root of all evil"
My wife asked me the other day if I was gonna get a lottery ticket when the jackpot hit $700 million. I told her no, I don't want it. It will ruin our lives.

7   georgeliberte   2017 Aug 25, 9:39am  

Strartegist, send any of that ruinous money you have to me. I control my money and not the other way around.

8   NDrLoR   2017 Aug 25, 11:47am  

zzyzzx says

How this Kentucky Lottery winner died alone and penniless

I just used this same example on the UBI thread, but same principle applies--you can't void human nature.

9   Strategist   2017 Aug 25, 12:26pm  

georgeliberte says

Strartegist, send any of that ruinous money you have to me.

My wife spent it.

10   GNL   2017 Aug 25, 12:41pm  

Fucking White Male says

The sky is blue.

Exactly. This is not news.

11   GNL   2017 Aug 25, 12:59pm  

APOCALYPSEFUCK_is_ADORABLE says

Last car I bought, in 2001 was for cash. Stepped into every bank on the way home and asked them to suck my dick because that was the only way they'd make any money off of me. Still do, every day. Dealer, too.

That was one of the more intelligent things you've said in a while. Just sayin.

12   Ceffer   2017 Aug 25, 1:44pm  

Some huge percentage of lottery winners are bankrupt within a few years. Large injections of money can't turn chicken shit into chicken salad, even if they become a gold plated turd for a while.

Apparently, all the relatives that used to pelt you with drumsticks and mashed potatoes at Thanksgiving while reciting every poo butt, embarrassing thing you ever did while growing up start inundating your media with guilt trips to give them money.

13   WookieMan   2017 Aug 25, 2:28pm  

Ceffer says

Apparently, all the relatives that used to pelt you with drumsticks and mashed potatoes at Thanksgiving while reciting every poo butt, embarrassing thing you ever did while growing up start inundating your media with guilt trips to give them money.

This is why ANY successful person (7 figure plus net worth, non-retirement account or home equity) I know doesn't have a social media account. They make it difficult for random people and even some 2nd level family to connect with them (cousins, nephews, inlaws, etc.). You would have to ask them face to face or over the phone. Both which would be difficult due to secretaries and other filters. And the few I know would dismantle you in a second if you didn't have a legitimate reason come out of your mouth within 15 seconds. Generally speaking, you don't obtain wealth without knowing how to protect it from the jealous.

While it would be cool to win a big jackpot, very rarely can success be handed to you without knowing how to handle and manage it. Even the smart people can get fooled or scammed by "trusted" advisors.

14   Strategist   2017 Aug 25, 2:38pm  

APOCALYPSEFUCK_is_ADORABLE says

Last car I bought, in 2001 was for cash. Stepped into every bank on the way home and asked them to suck my dick because that was the only way they'd make any money off of me. Still do, every day. Dealer, too.

Don't give up. Some day a pretty woman might actually suck your dick.

15   WookieMan   2017 Aug 25, 2:50pm  

Strategist says

Don't give up. Some day a pretty woman might actually suck your dick.

Women don't work in banks. They're too busy being suppressed and being paid way less. Us men don't allow that type of thing I thought? Working in banks that is.

16   NDrLoR   2017 Aug 25, 3:02pm  

Most workers are living paycheck to paycheck, new survey finds

CHICAGO, ILLINOIS
August 24, 2017 9:03pm

• More than half think they will always be in debt
• “If workers are constantly thinking about their financial struggles, their quality of work can decrease”

More than three-quarters of U.S. workers (78 percent) are living paycheck-to-paycheck to make ends meet — up from 75 percent last year and a trait more common in women than men — 81 vs. 75 percent, according to new research by the online jobs site CareerBuilder.com. And having a higher salary doesn't necessarily mean money woes are behind you, with nearly one in 10 workers making $100,000 or more (9 percent) saying they usually or always live paycheck-to-paycheck and 59 percent in that income bracket say they are in debt. Twenty-eight percent of workers making $50,000-$99,999 usually or always live paycheck to paycheck, 70 percent are in debt; and 51 percent of those making less than $50,000 usually or always live paycheck to paycheck to make ends meet, 73 percent are in debt, says CareerBuilder. "As an employer, your employees' financial problems become your financial problems," says Rosemary Haefner, chief human resources officer for CareerBuilder. "If workers are constantly thinking about their financial struggles, their quality of work can decrease, and it can take a hit on their morale and productivity. If you do what you can to help people keep their finances under control — by doing things such as matching 401(k) contributions or hosting financial planning seminars — you'll ease some of their financial worries and it will be less likely to have a negative impact on your business." A quarter of workers (25 percent) have not been able to make ends meet every month in the last year, and 20 percent have missed payment on some smaller bills, the survey finds. Further, 71 percent of all workers say they're in debt — up from 68 percent last year. While 46 percent say their debt is manageable, more than half of those in debt (56 percent) say they feel they will always be in debt, says CareerBuilder. And it should be noted, the report says, that 18 percent of all workers have reduced their 401k contribution and/or personal savings in the last year, more than a third (38 percent) do not participate in a 401k plan, IRA or comparable retirement plan, and 26 percent have not set aside any savings each month in the last year. Still, despite financial woes, there are certain things employees aren't willing to give up. When asked what they'd absolutely not give up, regardless of financial concerns, employees cited:

• Internet connection: 54 percent
• Mobile device (smart phone, tablet, etc.): 53 percent
• Driving: 48 percent
• Pets: 37 percent
• Cable: 21 percent
• Going out to eat: 19 percent
• Traveling: 17 percent
• Education: 13 percent
• Buying gifts for people: 13 percent
• Alcohol: 11 percent

The majority of workers (81 percent) have worked a minimum wage job, and 71 percent of them were not able to make ends meet financially during that time — more than half (54 percent) had to work more than one job. To alleviate some financial burden, 83 percent of employers that are hiring minimum wage workers this year (45 percent) will be raising the minimum wage at their organization, CareerBuilder says.

Survey Methodology
The survey was conducted online within the U.S. by Harris Poll and paid for by CareerBuilder among 2,369 hiring and human resource managers ages 18 and over (employed full-time, not self-employed, non-government) and 3,462 employees ages 18 and over (employed full-time, not self-employed, non-government) between May 24 and June 16, 2017 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples of 2,369 and 3,462, one could say with a 95 percent probability that the overall results have sampling errors of +/- 2.01 and +/- 1.67 percentage points, respectively. Sampling error for data from sub-samples is higher and varies.

18   Shaman   2017 Aug 25, 4:10pm  

All that plus the lottery is a tax on people who flunked math.
Anyone with a reasonable grasp on statistics knows it's a total waste of time and money.
But get-rich-quick schemes continue to be a popular way for Americans to lose their money.

Half my FB feed seems to be people trying to get friends to come to their MLM pyramid scheme party to buy overpriced shit they don't need.

19   HEY YOU   2017 Aug 25, 5:00pm  

Why would anyone play any lottery when they can become rich in the stock market?
One can lose a dollar or two,with self control,to the lottery.
How much have people lost in the market?
There are only winners!

20   NDrLoR   2017 Aug 25, 5:09pm  

HEY YOU says

Why would anyone play any lottery when they can become rich in the stock market?

That's what they thought in 1929.

21   Booger   2017 Aug 25, 5:59pm  

Quigley says

All that plus the lottery is a tax on people who flunked math.

Yeah, your statistical probably of winning the lottery is pretty much the same whether buy a lottery ticket or not.

22   Ceffer   2017 Aug 27, 11:13am  

The Lottery is Moron Self Taxation. They just love the notion that they can buy Hummers and support all the family crack heads in style until they croak themselves.

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