Jackpot Lottery Winmners Going Brioke

Reply #4

eddessaknight — Sat, 04 Sep 2010 01:30:17 GMT

Coin I agree on the psychology of exageration; heed the Oracle At Dephi's ditum AVOID EXCESS

Statistically a certain percetnage of lottery winners do go broke within five years, but the percentage claimed depends on who is writing the articlde or study. ~Coin

STATISICALLY SPEAKING

The researcher concluded that winning the lottery only postponed bankruptcy based on the fact that 5.5% of winners filed within 5 years? The only way that conclusion can be supported by the data is to c... [ More ]

Reply #3

Coin Toss — Fri, 03 Sep 2010 22:35:14 GMT

When it comes to this type of issue people on both sides of the issue tend to over and under exaggerate things to try and make their point.

Casinos, for example, exaggerate the percetnage of players who are problem gamblers by low-balloing the real figure, but those oppossed to gambling also over-exaggerate what they say are the number of problem gamblers.

The truth is always somewhere between those exaggerated figures.

Statistically a certain percetnage of lottery winners do go broke w... [ More ]

Reply #2

eddessaknight — Fri, 03 Sep 2010 21:33:15 GMT

I tptally agree Victor *1; the aricle is biased and contradictory in % I think if the cahnace occurs we can prove this study wrong!

Hi Chi,

EddessaKnight

Reply #1

victorl3ichiban — Fri, 03 Sep 2010 20:57:35 GMT

This article is bias. There are so many winner who are living the life and not going broke. It just depend on how you handle the money and keeping your mouth shut. Greed and pride seen to play a role also in going broke.

Jackpot Lottery Winmners Going Brioke

eddessaknight — Fri, 03 Sep 2010 20:38:05 GMT

I've always been interested in whether you could solve people's problems to some extent by giving them additional cash,

They talk about the majority but the article say 5.5%. So what happened to the other 94.5% of winners. Did they double or tripple their money and never have to work again? Did the majority invest it intelligently and have really improved their situation? Seriously this is a bad article that compared the bottom 5% and equates it to all winners.

EddessaKnight

Jackpot... [ More ]