Why do people who win the lottery become bankrupt so

percent of lottery winners that go broke
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Indeed, the Certified Financial Planner Board of Standards says nearly a third of lottery winners declare bankruptcy—meaning they were worse off

DENVER — Over the past couple of years several news organizations have attributed a statistic to the National Endowment for Financial What percentage of people go broke after winning the lottery or file for bankruptcy? What is the federal tax percentage charge on lottery winners? 25

kerala lottery result kn497 Most people guess incorrectly when asked what percentage of lottery winners end up broke According to the National Endowment for Financial There are plenty of stories of lottery winners going broke, and part of that is because earned money is often viewed differently than prize