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Why you should be glad you didn't win mega millions

Published: Wednesday, April 4 2012 10:54 a.m. MDT

Winning the lottery increases a person's chance of going bankrupt Next » 1 of 8 « Prev
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How could winning millions of dollars make a person more likely to go bankrupt?

"Winners are much more likely to make significant impulse purchases far beyond their previous means. So the purchase amounts will be much higher, making the interest accrued on those credit cards much higher. And because they don't stop to think the money could run out, winners don't generally think they need to create or live by a monthly budget," Scott Dillon, a senior bankruptcy attorney at Tully Rinckey in Albany, N.Y., told Fox Business.
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TJRocker
Salt Lake City, 00

The picture for the long lost relative is one of the greatest things ever.Just the right amount of creep factor to it.
On another note, if you look at the number of retired pro athletes who have next to nothing or have filed bankruptcy, you can clearly see that many people aren't ready to have that amount of money.

CWEB
Orem, UT

Well, you might drive down I-15 and get clobbered...so best not to drive down I-15. Yeah, lots of bad things "might" happen, but lots of good things "would" happen...depends on the person...I'd give it a try. I think I'd do okay too.

Ya might fall off the Grand Canyon ledge to your death...better not go there and see it!

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