Is winning lotto really the jackpot?

Written and accurate as at: 2 November 2014

What would you do if you won first division in lotto? Would you buy a new house? Travel round the world? Party like a rock star? Give some to charity? Invest? The options are endless…

But did you know research1 conducted in the US has found that lottery winners declare bankruptcy at twice the rate of the general population. It seems that money that we receive by luck or circumstances can be easier to spend than money earned through hard work.

As this video highlights, sometimes winning the lotto may not be the jackpot that it’s cracked up to be!

1According to a study published by the University of Kentucky in conjunction with the University of Pittsburgh and Vanderbilt University Law School