An Evaluation of the Possibility in Reshaping Lottery Money to Long-Term Savings for the Poor in Outer Bangkok, Thailand

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Pornpen Vora-Sittha


This study surveys the behavior of the poor in savings and in buying lotteries, and analyzes the possibility of shifting lottery money to long term savings for the poor retirement program.   Data used in this study are from preliminary survey of 4,800 observed poor in Thailand in outer Bangkok area.  Results of the survey show that lottery is the most popular financial investment among the Thai poor in outer Bangkok, and there are few alternatives for them in investing their money with an acceptable return like lotteries. The results confirm that 80.49 percent of lottery buyers’ behavior in buying lottery supports the process of raising fund by shifting lottery money to long term savings.

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