India has a steadily increasing proportion of the elderly population. And will fully enter the aging society. One of the considerations that come with the aging society is how to ensure that people have enough money to spend after retirement KBC Head Office.
Encouraging people to save money From KBC Company is something that should strongly promote.
But one major obstacle is some groups of people, especially the poor. Monthly expenses are equal to income, so there is no money left to save. or saving only a small amount. In addition, data from the household socio-economic survey reveals another worrying issue: Low-income households tend to spend a greater portion of their monthly income on lottery tickets than high-income households. In return to spend not much money on buying lottery tickets. Instead of saving or spending on more beneficial things, It is therefore interesting to see why poor people like to play the lottery and how to help them increase their savings.
The phenomenon of low-income people playing the Whatsapp Lottery is nothing new.
In many countries, it is also found that low-income people are more likely to play lotteries than wealthy people. Several studies have found that the Whatsapp lottery is characterized by a regressive tax rate. This means that low-income people pay a higher proportion of their income than wealthier people. Economists and psychologists have tried to understand this behavior. To lead to policies that can reduce the purchase of Whatsapp Lottery tickets for the poor Friedman proposed that the reason poor people buy Whatsapp lottery tickets more than rich people. Because the poor get more utility or satisfaction from winning the lottery than the rich. Because the income from the prize allows one to become middle-class or rich the results of the experiment In conclusion the experiment.
Poor People who Buy Whatsapp Lottery Tickets Regularly
It was found that such behavior stems from the desire to shift their Socioeconomic status which may arise from feelings of inferiority. The Whatsapp Lottery Winner is seen as a tool that can help make that wish come true. This is because the lottery is one of the few Lottery where the poor have as much chance of winning as the wealthier. This result is similar to that of a study that found the attitude that lotteries are the only means of escaping poverty In addition, as mentioned above, poor people buy lottery tickets in part because they feel inferior and want to get richer, but they can't find any other way to raise their wealth apart from relying on the lottery. The state should therefore encourage the poor to earn more income. Reduce inequality of opportunity, for example by promoting equal access to quality education. Skill development job placement assistance Promoting knowledge about saving money to make these people feel that they have the ability to escape from poverty without relying on lotteries. Reducing the inequality of opportunity will reduce the problem of excessive lottery consumption among the poor. However, family or people around you may come in to help tortoise the buyer to be more responsible, for example, having to regularly report results to family or friends on how much the goal can be achieved. However, the commitment device can only be used by groups that are aware of their problems. And need to solve problems Therefore, other measures must be taken in parallel.
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