Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Why It Actually Sucks To Win The Lottery
Posted
January 15, 2016
Views
136,953
Likes
2,222
Comments
880
Engagement
2.27%
January 15, 2016
136,953
2,222
880
2.27%
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7:50Now PlayingEveryone wants to win the lottery, but what actually happens when you do win? Does money buy happiness? Ana Kasparian, Brett Erlich (Pop Trigger), Hasan Piker (Pop Trigger) hosts of The Young Turks discuss.
Do you think money buys happiness? Let us know in the comments below.
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“On Thursday night, at least three people won in the drawing for the largest Powerball jackpot on record. The winners of the $1.5 billion pot are from California, Florida, and Tennessee, but results from other states are pending and more could surface.
Powerball fever gripped the country ahead of the drawing, particularly when a previous one resulted in no winners and boosted the overall pot. It’s the largest jackpot for any lottery game in the entire country.
But those lucky few who actually won — besting the one-in-292 million odds — might not end up so lucky in the end.
Landing a sudden windfall like the lottery often, counterintuitively, changes lives for the worst. The National Endowment for Financial Education estimates that as much as 70 percent of people who are abruptly flooded with cash lose all the money within several years. A study in Britain found that 44 percent of lottery winners’ earnings were spent after five years. Another of Florida lottery winners who netted up to $150,000 found that about 1 percent went bankrupt in any given year, about twice the rate of the general population, and while those who got larger pots didn’t tend to go bankrupt as quickly, it still ended up catching up with them.”
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The Young Turks January 14, 2016 Hour 2
Why It Actually Sucks To Win The Lottery
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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