The Psychology of Lottery Winners: Why Some Go Broke and Others Thrive.
The Psychology of Lottery Winners: Why Some Go Broke and Others Thrive.
Winning the lottery can be a dream come true—or a financial disaster. Here are 10 psychological factors that determine why some winners go broke while others build lasting wealth.
Many winners experience emotional shock, leading to impulse spending and poor decisions.
Winners unprepared for taxes, investments, and budgeting often burn through their fortune.
Instead of maintaining their habits, some winners upgrade everything—mansions, cars, vacations—without sustainable income.
Many winners feel guilty or obligated to help everyone, leading to financial drain.
Some winners put millions into shady deals, bad businesses, or scams, losing everything.
The thrill of winning can fuel addiction, leading to risky bets and casino losses.
Those who hire financial planners, tax experts, and lawyers tend to build lasting wealth.