Can The Lottery Help Us Save Money?

08/21/2009 05:12 am ET | Updated May 25, 2011
  • JASON ZWEIG wsj.com

Based on recent headlines, you might think that Americans are finally saving again. Want to bet?

In 2007, the latest year for which final numbers are available, Americans spent $92.3 billion on legalized gambling, according to Christiansen Capital Advisors; that same year, says the U.S. Bureau of Economic Analysis, Americans saved only $57.4 billion.

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