WHAT PERCENTAGE OF LOTTERY WINNERS END UP BROKE?

Many people dream of winning the lottery, so it is perhaps ironic that many people end up with little to show for their winnings. Statistics from The likes of the National Endowment for Financial Education, show that anywhere from 30% to 50% of lottery winners, declare bankruptcy within just 3–5 years of hitting the jackpot.

What is the biggest reasons for these stats? Apparently, the biggest “culprits” are:

To carry on reading please visit — https://adamfayed.com/what-percentage-of-lottery-winners-end-up-broke/

--

--

--

Owner at adamfayed.com.

Love podcasts or audiobooks? Learn on the go with our new app.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adam Fayed

Adam Fayed

Owner at adamfayed.com.

More from Medium

4 Reasons You Should Fire Your Financial Advisor Today

Sleep in Economics — Sunk Sleep

Easy Workouts That Can be Done During Your Lunch Break

How To Build Abs!

Health And Fitness