Legalized Marijuana Won’t Save Indian Reservations | New York Post

Sounds great. Except Im told by government officials and other members of the nation that young adults often spend this money to buy a new truck. These are kids who have never had very much before; someone hands them a huge check and they clearly dont know what to do with it. Storeowners report that young people will come in to buy candy and give them $50 or $100 without expecting any change. They have no concept of saving or investing. The people taking home these checks are not unlike lottery winners who tend to be no better off a few years after hitting the jackpot. According to the National Endowment for Financial Education, about 70% of those incurring a financial windfall lose that money within a few years. There is apparently something about earning money that makes people less willing to blow it. Seneca brand cigarettes are for sale at a smoke shop on the Tonawanda Seneca Nation in N.Y.Photo: AP As of 2013, the percentage of people living below the poverty line on the Cattaraugus territory (one of the Seneca territories) in Erie County was 23%. More than 60% of children under 18 are living with a single parent, according to the Census Bureau.

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