70% of lottery winners end up going broke
Making money is not that easy. You need to work 8 hours a day for a full month to get your monthly salary. However, spending that money is quite easy. If you want, you can easily spend all your money from your salary within one day, if your purchases are extravagant enough. There are quite a lot of instances of lottery winners going broke within a few years of getting the money. According to statistics from the National Endowment for Financial Education, 70% of lottery winners end up broke and a third go on to declare bankruptcy. Here are a few of the dumbest ways to go broke.