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That comment makes untrue claims and cites no sources. The claim about multi-million dollar jackpot winners is a viral meme that keeps making the rounds despite
by dahart 2y ago
That comment makes untrue claims and cites no sources. The claim about multi-million dollar jackpot winners is a viral meme that keeps making the rounds despite the people with the actual stats repeatedly trying to debunk it. It is not true that a huge percentage of winners go bankrupt.
https://www.nefe.org/news/2018/01/research-statistic-on-financial-windfalls-and-bankruptcy.aspx https://www.nefe.org/news/2018/01/research-statistic-on-fina...
https://www.reddit.com/r/PetPeeves/comments/18xqcbw/70_of_lottery_winners_go_bankrupt_within_a_few/ https://www.reddit.com/r/PetPeeves/comments/18xqcbw/70_of_lo...
- dmonitor 2y agoI imagine that it's perpetuated by the myth that people who make a shitton of money "legitimately" (ie getting insanely lucky by inheritance, investing in a moonshot, or both) are somehow magically blessed with the wisdom to handle money in a way that commoners are not. Plus a dash of cope for all the people who will never touch that amount of money. Assurance that even those who gain a lot will be no better off (or worse off) than them.
- gitgud 2y agoI also think the myth of “winners lose everything eventually” is a specific instance of general hate against gambling… AKA “the house always wins” philosophy