Keeping Bankrupt with the Joneses

A new study from the Federal Reserve Bank of Philadelphia found that neighbors of lottery winners are unusually likely to go bankrupt, and the larger the lottery prize, the more likely bankruptcy becomes. Jeff and Anthony talk about keeping up with the Joneses, and Appleby’s riblets. There’s a surprising amount of discussion of riblets.

We Have Concerns is entirely listener supported! To keep us ad-free and get early episodes/bonus content, check out our Patreon: http://patreon.com/wehaveconcerns

Get all your sweet We Have Concerns merch by swinging by http://wehaveconcerns.com/shop

Hey! If you’re enjoying the show, please take a moment to rate/review it on whatever service you use to listen.

Here’s the iTunes link: http://bit.ly/wehaveconcerns

And here’s the Stitcher link: http://bit.ly/stitcherwhc

Jeff on Twitter: http://twitter.com/jeffcannata

Anthony on Twitter: http://twitter.com/acarboni

Today’s story was sent in by Michael Vinholt: http://www.vox.com/2016/2/23/11095102/inequality-lottery-bankruptcy-study

If you’ve seen a story you think belongs on the show, send it to wehaveconcernsshow@gmail.com or leave it on the subreddit: http://reddit.com/r/wehaveconcerns