Careful with 99%. What % of lottery winners are financially secure?
Is a livable wage the lottery?
Yes, some people will blow the whole load at once. So sad. Then it’s on them.
The problem with the current system is, it’s not always on them.
I’m on a fixed income. I have no choice but to have a roommate, and I’m lucky to have one. If he moves on, I’m screwed. I don’t have enough income, period, to cover my rent and utilities, and car insurance. I own a mobile home, flat out. If I try to sell it, my rent will be 1/3 higher anywhere else.
It shouldn’t be that way.