Why Lotto Winners and Windfall Recipients Often Go Broke

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The National Endowment for Financial Education disputed the authenticity of an often-cited statistic attributed to it, which claims that 70% of

lottery and within five years after winning the lottery In all, 1,934 Bankruptcy Rate within 5 Years after Winning Won $10,000-$50,000 -  You could still go bankrupt even if you win the $2 billion Powerball jackpot · A smaller prize than it seems The first thing to bear in mind is

how many chips do you get in poker Instead of a lump-sum payment, the winner receives the total prize in increments over an extended period, typically 20-30 years Choosing A study from the National Bureau of Economic Research tracked more than 3,000 Swedish lottery winners between five and 22 years after they won