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As an interesting corollary, it's actually a longitudinally studied and extensively documented fact that winning the lottery does not provide long-term happines
by jonnathanson 15y ago
As an interesting corollary, it's actually a longitudinally studied and extensively documented fact that winning the lottery does not provide long-term happiness.
More often than not, it actually causes more problems than it solves. I forget the statistic off the top of my head, but some astounding percentage of lottery winners -- let's say 75% -- end up worse off within 5 years of winning than they were before they won. (Granted, a lot of that has to do with the fact that the type of person most likely to be playing the lottery is also the type of person who has no real concept of the value of how to manage a $XXX million fortune, let alone a $XXX million fortune acquired literally overnight).
- ido 15y agoGranted, a lot of that has to do with the fact that the type of person most likely to be playing the lottery is also the type of person who has no real concept of the value of how to manage a $XXX million fortune, let alone a $XXX million fortune acquired literally overnight That's it - I (anecdotaly) know several people who won the "internet start up lottery" (gotten very, very wealthy due to their start-ups doing well) and all of them are doing alright years after "winning the lottery".