Quote:
Originally posted by JFK
It happens more often than not. People come into large sums with no idea on how to handle it, blow it on stupid things.Then back to Rags again
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Exactly. Most lottery winners are in massive debt within 5 years.
The lottery system is a tax on those who can't do math to begin with, let alone create a budget.
I read a study of the financial status of over 100 lottery winners a few years ago. Interestingly enough, most of the winners *didn't* blow the majority of their winnings on themselves; they blew it on friends and family. I guess you never know how needy your family is, nor how many friends you have until you're a lottery winner
I'd imagine the statement "but you're a millionaire" came up far too often from those leeches.