Riches to Rags, and Other Lottery Winning Myths

We have all heard the stories. Lottery winners squandering their sudden fortune on reckless extravagance, living excessively beyond their means, and going bankrupt. Yet scores of people play the lottery anyway despite such anecdotal reports. Why? Because everyone believes they can weather the windfall. Research corroborates this optimism, revealing that contrary to stereotype, many winners are perfectly capable of doing just that. Myth #1: Lottery Winners Blow All Their Winnings. ….[READ]

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