finance
Treasury Secretary Urges Young Americans to Invest Rather Than Play Lottery
Treasury Secretary Scott Bessent said young people playing the lottery frustrates him and advised them to invest instead. He spoke to the Associated Press about building long-term financial stability.
Jun 7, 3:31 PM·1m read2 sources
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Treasury Secretary Scott Bessent said young Americans playing the lottery for quick gains frustrates him and urged them to invest instead. "There are a lot of young people, mostly young men, going to blue-collar construction jobs, playing the lottery," Bessent said. "
A 2026 study by Northwestern Mutual found that 73% of U.S.
adults are considering high-risk speculative assets because they feel financially behind. Bessent grew up in South Carolina, where his father worked as a real estate developer and faced financial setbacks. He has often urged Americans to avoid speculative behavior and focus on basic financial practices.
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