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According to a financial consultant to lottery winners and the author of Life Lessons from the Lottery, Don McNay, many people wind up unhappy or broke after winning the lottery.
Story at a glance Winning the lottery may increase a person’s life satisfaction and remain that way for decades to come. An increase in happiness isn’t as certain, with research showing ...
It's difficult to nail down a reliable statistic related to how many lottery winners go bankrupt. Some sources say one-third, while others say up to 70%. However, it's easy to find more than a ...
The Powerball jackpot found a lucky winner in California, after their winning ticket matched all six numbers in Wednesday night’s drawing.. The ticket, which was purchased at the Las Palmitas ...
A few days later, after the lottery drew six winning numbers, Jerry sorted through his 2,200 tickets and circled all the two-, three- and four-number matches (there were zero five-number matches). His winnings added up to $2,150, slightly less than he had spent on the tickets.
Lottery jackpots can reach epic heights. Case in point: the Mega Millions jackpot that surpassed $1.2 billion after the Tues, August 1 drawing. Someone (or some people) will win eventually, and the...
Otherwise, in cases of lottery winners, sudden inheritances, and trading of cryptocurrencies, educating oneself is highly recommended by professionals and wealth psychologists. [15] By researching how to budget and save, understanding the investment basics, and overall gaining financial literacy, a recipient may feel more comfortable and ...
On March 30, one of these tickets turned out to be "golden" -- winning a $105 million lump sum payment for this team of a school administrator, an elementary school teacher, and a special-ed teacher.