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The Water Cooler
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$1 million winner now broke and convicted
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<blockquote data-quote="Rod Snell" data-source="post: 2471926" data-attributes="member: 796"><p>In teaching a "zero level" math class at WOSC (no-credit remedial arithmetic), I decided to make it a "math for daily life" to be perhaps more interesting.</p><p></p><p>A few people took the information on things like % interest on loans and math of budgeting to improve their lives, but a ghastly majority made it clear that they weren't interested and intended to go through life spending 2 dollars for every one they made if someone one would make them a loan, any loan. For them, winning the lottery would be like throwing gasoline on a house fire. If they won five million, they would use it as down payment on $10 million in debt. According to the IL State lottery, most big winners don't just go broke, they go bankrupt owing a pile of money!</p><p>I'm a huge advocate of practical education, but changing attitudes is tougher than teaching someone how to calculate interest, and I just can't cure determined stupid.</p></blockquote><p></p>
[QUOTE="Rod Snell, post: 2471926, member: 796"] In teaching a "zero level" math class at WOSC (no-credit remedial arithmetic), I decided to make it a "math for daily life" to be perhaps more interesting. A few people took the information on things like % interest on loans and math of budgeting to improve their lives, but a ghastly majority made it clear that they weren't interested and intended to go through life spending 2 dollars for every one they made if someone one would make them a loan, any loan. For them, winning the lottery would be like throwing gasoline on a house fire. If they won five million, they would use it as down payment on $10 million in debt. According to the IL State lottery, most big winners don't just go broke, they go bankrupt owing a pile of money! I'm a huge advocate of practical education, but changing attitudes is tougher than teaching someone how to calculate interest, and I just can't cure determined stupid. [/QUOTE]
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$1 million winner now broke and convicted
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