Maddening March Madness

By: Joe Gagnon Email
By: Joe Gagnon Email

In a typical year, companies see more than a billion dollars in lost productivity during March Madness.
Workers watching the games at their desks or check out pool picks on–line.
As budgets tighten, however, tou would think there would be less people putting money on the madness.
From Boston's to Old Chicago's, instead of eyes fixed on lunchtime food they are glued to the television screen.
If President Barack Obama can get caught up in bracketology, then of course the average Joe would be too.
It doesn't seem the poor economy is stopping many from placing bets, a new survey by MSN.com shows 45% of Americans plan to enter at least one basketball pool, and almost a quarter of those think their wager will do better than their 401k.
One on–line pool has people betting on even bigger dreams a $100,000,000 top prize, but every pick has to be correct.
It even comes with "Boss Button" so you don't get caught in the act.
Click on that, and it goes to an Microsoft Excel spreadsheet.
Whether workers decided to fill out a bracket or not, something else may be very different than years past.
Three quarters of Americans say they would pay off debt or save if they made a lot of money.


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