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This is just like the studies of lottery winners. "Nearly one-third of lottery winners become bankrupt. “The CFP Board made an offer to the National Associati
by jgmmo 15y ago
This is just like the studies of lottery winners.
"Nearly one-third of lottery winners become bankrupt.
“The CFP Board made an offer to the National Association of State and Provincial Lotteries to provide the organization's members with information to distribute to winners. The Investment News article highlighted the lack of financial guidance many winners receive from state lottery agencies; estimates show that nearly one-third of lottery winners become bankrupt.”
Source: Certified Financial Planner Board of Standards, Inc
http://www.cfp-board.org/bulletin.html http://www.cfp-board.org/bulletin.html
more studies on lottery winners:
http://answers.google.com/answers/main?cmd=threadview&id=141224 http://answers.google.com/answers/main?cmd=threadview&id...