Cookie policy
Follow this topicFollow this topic Knowledge » Your job

Would you give up work if you won the lottery?

John Fitzsimons
by Lovemoney Staff John Fitzsimons on 22 October 2012  |  Comments 9 comments

If the winning numbers came up, would you continue with the day job?

Would you give up work if you won the lottery?

A new report into lottery winners has found that almost one in five new millionaires continue with the day job.

The report from Oxford Economics, timed to coincide with the 3,000 new millionaire created by the National Lottery, found that 19% of £1m-plus winners continued with their job, while 31% took up unpaid voluntary work. However, 59% immediately gave up work.

The winners have also given the economy a boost, with 98% of their spending remaining in the UK. As a result, the report suggests that each winners keeps six person in a full-time job for a year, just through their spending.

So if you won the lottery, what would you do? And what would you do with the money?

 

More on the lottery:

How to win more from the lottery

How to win the lottery...twice!

Play the lottery for free!

Don't fall for this pathetic lottery rip-off

Enjoyed this? Show it some love

Twitter
General

Comments (9)

  • killick_becki
    Love rating 58
    killick_becki said

    I agree with others, I wouldn't give up work entirely, but I would either go part time or get an honorary position somewhere. Like Felicity, I don't have to be employed to do my work however it can occasionally help to have access to facilities.

    Report on 23 October 2012  |  Love thisLove  0 loves
  • electricblue
    Love rating 643
    electricblue said

    @Miura

    UK is one of few countries which does not tax winnings and is actually a very good place to have a large capital investment . If I won the lottery I'd keep working at what I do but would make sure that the next bunch of Chinese who copied my products were taught the error of their ways.....

    I would love to set up a manufacturing business in the UK employing mostly disabled and older employees. Too many have their talents wasted due to unimaginative business leaders and prejudice. Ten minutes wisdom from an engineer with 50 years experience is worth weeks of twenty somethings trying to re-invent the wheel.

    Report on 23 October 2012  |  Love thisLove  1 love

Post a comment

Sign in or register to post a reply.

Related content

Our top deals

Credit card
company 		Balance transfers rate and period Representative
APR 		Apply
now

Barclaycard 26Mth Platinum Visa

0% for 26 months (3.5% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 18.9% PA (variable)

Barclaycard 25Mth Platinum Visa

0% for 25 months (2.4% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 18.9% PA (variable). BT fee is reduced from 3.5% to 2.4% (T&Cs apply)

Halifax BT 25 Month MasterCard

0% for 25 months (2.5% fee) Representative 18.9% APR (variable) Apply
Representative example: assumed borrowing of £1,200, representative 18.9% APR (variable). Purchase rate 19.0% PA (variable).
W3C  Thank you for using CGWEBLIV1