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January 20, 2006
Tax Foundation: Invest for Retirement in the Stock Market, Not in Lotteries
The Tax Foundation reports (Lottery Taxes Divert Income from Retirement Savings) that Americans who think that lotteries are good ways to save for retirement are sadly mistaken: Since lotteries on average return just 53 cents on the dollar, few players beat the odds," For the average investor returns on stock-market investing beat lotteries by more than 800% over a 40-year period."
January 20, 2006 in Think Tank Reports | Permalink
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