Oct 29, 2007

One-Third of Lottery Winners End Up With Serious Financial Troubles

Filed under the cry me a river folder, apparently about one-third of lottery winners end up having serious financial troubles within five years of winning the lottery.

I’m assuming the study is only taking into account winners of fairly substantial amounts of money, because you’d technically be a lottery winner if you won five bucks for a few number matches right? I can see how a person who’s not used to having so much money could waste it all when they don’t develop the financial responsibility that usually comes after actually earning riches. Though I definitely don’t pity them for blowing such an opportunity.

File that under being a millionaire is tough.

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