70% of People Who Come into a Windfall Lose ItQuicklink submitted by M. Wizard Permalink
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|The National Endowment for Financial Education cautions those who receive a financial windfall -- whether from lottery winnings, divorce settlements, cashed-out stock options or family inheritances -- to plan for their psychological needs as well as their financial strategies. The Denver-based nonprofit estimates that as many as 70 percent of people who land sudden windfalls lose that money within several years.|
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