Source? From what I see, is that 70% spend their money after 5 years, but don't just become 'homeless' / destitute. This seems some kind of overblown myth. T

Source? From what I see, is that 70% spend their money after 5 years, but don't just become 'homeless' / destitute. This seems some kind of overblown myth. The other study I found: "Statistically, 1% of lottery winners in the Florida study went bankrupt annually (Source: https://www.creditdonkey.com/lottery-winner-statistics.html https://www.creditdonkey.com/lottery-winner-statistics.html)"