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Excellent question - if you win the lottery (unless it's tax free) then your yearly income increases as does your tax bracket.. so you're screwed the following years .. that being said I am going to say
20 to 30 - to young - to dumb - not willing to invest in future and will get plowed over by tax man and everyone begging for cash not to mention your need to show off and entitlement. You don't know what it's like being a senior living off of what the government gives you or your pension running out... so whatever you buy will be gone
30 to 40 - likelihood you've either gotten married or bought a house either way you're wanting to talk to a good accountant so as to save the money and make it work for you in the future. Not always smart to pay everything off and definitely don't quit work. Take some - enjoy a trip etc. but store it away from tax hungry government oh - and best advice.. SHUT THE FUCK UP!! you'll get everyone coming out of the woodworks begging for money to help
50 to 60 - still a good age to win it but you're now more desperate to pay off stuff and before you get to old want to spend it on completing this new bucket list you've created while waiting for the check to show up. If you have kids etc then you'll want to again put it away to make money for you in future when you retire
60 and above - congrats and like Meatloaf sung about "all revved up with no place to go". Sure you can enjoy a mini vacation and make your house flat to avoid future wheelchair ramps but now it's more of are you prepared to give it to your kids and start trust funds. You're still going to get hit hard by tax man so use the money wisely with good accountant so you can have something later on to afford your prescriptions and surgeries.
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