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The savings jackpot
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While money has flowed into lotteries in the U.S. and Canada, savings rates in both countries have dried up. What more people do have today is ballooning levels of personal debt, and servicing that debt makes it difficult for individuals to save money. Debt can become the antithesis of wellbeing. Enter prize-linked savings, which turns the consumer’s weakness for lotteries into saving strength.
Author: Matthew Prescott Oxman
Topic: Asset building and saving
Location: United States
Format: Article
Content Type: Miscellaneous
Publication Date: October 22, 2013