Is it true that nearly one third of Lottery Winners eventually declare bankruptcy?

 

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Jan Meriss Alfonso
Assistant at Ascent Law LLC

Winning the lottery is an exciting experience that can change your life. Not only can you win millions of dollars, but you can also stop worrying about finances. But the truth is that not all lottery winners enjoy their lucky day. In fact, lottery winners are twice as likely to declare bankruptcy than the general population.

Myths

The myth that one-third of lottery winners declare bankruptcy is a common one, but the statistics are false. There's no evidence to support this claim, and studies from all over the world show that lottery winners generally live normal lives and continue working. The myth is perpetuated in part by a national discomfort with gambling and the broader cultural concept of wealth.

If you have any questions, you can get a free consultation with Ascent Law LLC:

Ascent Law LLC:

8833 South Redwood RoadSuite C

West Jordan, UT 84088

(801) 676-5506

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