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How Not To Get Rich

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The Consumer Federation of America and the Financial Planning Association have some frightening news about consumers.

The CFA, Washington, and the FPA, Denver, have scheduled a press teleconference for Jan. 9 to discuss a survey of consumers and a survey of financial planners that dealt with attitudes about personal wealth.

“One of the results to be released is that over 20% of Americans believe that winning the lottery is the most practical way to accumulate wealth,” the CFA and the FPA report in the media advisory announcing the teleconference.