From rags to riches and back again
Believe it or not, statistics show 70% of lottery winners end up broke and a third go on to declare bankruptcy, according to the National Endowment for Financial Education. Runaway spending, toxic investments and poor accounting can burn through a lucrative windfall in next to no time. From (relative) rags to riches then back to rags again, read on for the stories of the lottery winners who found this out the hard way. All dollar values in US dollars.
30 November 2021