What Happens To Lotto Winners
Lottery winners are more likely to declare bankruptcy within three to five years than the average american.
What happens to lotto winners. Life after winning the lottery may not stay glamorous forever. And that means they still have their own problems to deal with like the rest of us. Even with hundreds of millions at their disposal the biggest jackpot winners are still regular people. Here are seven victims of the lottery curse people whose lucky win turned sour leading to divorce bankruptcy or even death.
Many winners befall the so called curse of the lottery with some squandering their fortunes and others meeting tragic ends. Whether they win 500 million or 1 million about 70 percent of lotto winners lose or spend all that money in five years or less. Most of us imagine that all lottery winners live happily ever after but that simply isn t the reality for a lot of them. But there s also the possibility that all of the lottery.
Anecdotes about how winning the lottery can be bad luck abound a winning ticket has led some lucky winners into bankruptcy or worse. It s hard to imagine filing for bankruptcy after winning thousands or even millions of dollars but that s exactly what happens in some cases. There is nothing unusual about their complaints. What s more studies have shown that winning the lottery does not necessarily make you.
These stories are cautionary tales but there are plenty of jackpot winners who have gone on to put their money to good use for themselves and their communities. This is what commonly happens with lottery winners and often with other recipients of sudden wealth from lawsuits sports contracts or even. So many of them wind up unhappy or wind up broke. Statistically 1 of lottery winners in the florida study went bankrupt annually.
Here s what five experts including kevin o leary suze orman and mark cuban say to do if.
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