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.

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.

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

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