Why Do Lottery Winners Go Broke?

percentage of lottery winners that go broke
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Specifically, every $1,000 in lottery winnings translates to a percent higher probability of a nearby neighbor declaring bankruptcy The

They found that a $1,000 increase in lottery prize money caused a percent rise in bankruptcies among those immediate

percentage of winning the lottery Next, our mistaken beliefs about lottery winners come from a commonly cited statistic that 70% of lottery winners end up bankrupt within a few

percentage chance of winning the lottery According to the Certified Financial Planner Board of Standards, nearly one-third of lottery winners eventually go bankrupt, a higher percentage