Why do 70 percent of lottery winners end up bankrupt?

what percentage of lottery winners go broke within 5 years
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According to the National Endowment for Financial Education, 70% of lottery winners in the US end up broke within just a few years There are a

Various news outlets report that one-third of lottery winners or people with a big windfall go broke within a few years, quoting a study Lottery Winners Go Broke Lara and Roger Griffiths spent their lottery jackpot winnings of $ million in 2005 on a million-dollar house

poker schweiz online An often-cited — but incorrect — anecdote about lottery winners falsely attributed to the National Endowment for Financial Education claims that go broke Nearly 70% of lottery winners end up broke within seven years Even worse, several winners have died tragically or witnessed those