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#11 The Lottery is NOT a Retirement Strategy!
Manage episode 448941081 series 3571345
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Winning BIG in the lottery often ends in tragedy. In this episode, we take a look at the story of Jack Whittaker and how his family was destroyed after winning a $313M PowerBall jackpot. Along the way, we discuss why lottery winners go bankrupt, what you should do if you win big, and the political wranglings surrounding State Lotteries where we're often told, "Buy lottery tickets! It's for the children!!!"
Episode Resources
- Tragic Story of PowerBall Jackpot Winner
- Why Lottery Winners Go Bankrupt
- NC Education Lottery Spending Data
- The Cons of Georgia's Hope Scholarships
- The Lottery: Poor People Play, the Rich Win
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Chapters
1. Welcome (00:00:00)
2. Introduction (00:00:11)
3. Winning the Lottery Often Ends in Tragedy (00:03:02)
4. Politicians Who Sell us Dreams (00:10:44)
5. Closing Thoughts (00:28:42)
19 episodes
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