SamuelRSmith said:
Truth is, those who come into "easy money" more likely than not end up bankrupt. http://www.goldengirlfinance.com/inspiration/?post_id=1385 "According to a 2010 study by researchers at Vanderbilt University, the University of Kentucky and the University of Pittsburgh, the more money you win in the lottery, the more likely you are to end up bankrupt. The authors divided past lottery winners into two separate groups: Those who had won cash prizes between $50,000 and $150,000, and those who had won $10,000 or less. What they found is that those who had won the more sizable sums were more likely to have filed for bankruptcy five years later. Similar research from the National Endowment for Financial Education estimates that 70 percent of people who had unexpectedly come into large sums of money ended up broke within seven years." |
Well lottery winners is totally different to being born/living in wealth... that's the point that people are trying to make.