Lottery Effects

I saw this statement at AT's blog:

97% of all lottery winners after 3 years are in worse shape than when they started the day prior to winning the lottery.


I couldn't verify that, but I did find the following:

Winning $15,000 a year for 20 years - no major effect on your life

Winning $80,000 a year for 20 years - would affect your labor force
participation, automobile expenditures, the value of the home you own,
and your savings....


Much more at the link.

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