1044% of winners lose it all
Call it the Mike Tyson effect. Wealth is a lifestyle, and acquiring should come about through lifelong hard work, self-restraint and similarly boring virtues. Being wealthy, you might say, is a state of mind not conducive to flaunting every penny saved and earned.
Since earning isn’t exactly a variable in
the jackpot, you’d think winners would take extra care of their finite fortune. But oh the human condition; to some, well-to-do simply has to mean castles made of Jell-O and private laser tag arenas.
44% of national lottery winners deplete their entire winnings within 5 years. For any jackpot over a few million dollars, you have to admit that is a stunning feat. Let’s hope they kept their day job.