Is the lottery only geared towards Baby Boomers and older?
The following is an excerpt from my newest post at Suburban Finance:
Depending on where you get your information from, I can be defined as not only a Gen Y, but a millennial as well. I thought millennials were only in the 18-30 age range, but I have read in one article where the age was extended to 34. This particular article describes how lottery ticket sales with the younger generation are on the decline.
If you have read my post on lottery pools at work, you’ll know that when it comes to money, I’m not really a gambler. I only play because of FOMO (fear of missing out). I personally think it’s a waste of money and that money could be put to better use, but I don’t want to be that sucker in case of the event we actually do win the lottery.
My workplace consists of mainly an older demographic and as I have mentioned in my lottery post, many of them play the lottery outside of work. My dad, along with my aunts and uncles had their own lottery pool. Since my dad played (I’m not sure if he still plays, now that he’s been retired for a few years) the lottery quite often, he would always joke and say, “If I win the lottery I’m going to buy you this and that.” I would often laugh and tell him that the odds of him winning the big jackpot are quite slim. I also told him that he should stop wasting his money.