Here is an interesting research on people who had won lottery and its effects on their respective happiness/family life/work/etc:
The one thing I would like to highlight is the number of percentages of people who had won the lottery and spend all of their winnings within the 5 years they won. It shows that if people had no proper financial planning, their winnings might end up in a trash can afterall.
Source: http://www.statisticbrain.com/lottery-winner-statistics/
| Statistic Verification |
| Source: Camelot Group PLC, Published 2006 |
| Research Date: 2.11.2012 |
| The following statistics were compiled from 34 national lottery winners (8 Male, 26 Female) Average age of 46 | |
| Effects on Happiness | |
| Percent of lottery winners who are happier after winning | 55 % |
| No effect on happiness | 43 % |
| Are less happy | 2 % |
| Of the 55% of winners who are happier | |
| Claimed the reasons were improved financial security and fewer worries | 65 % |
| Claimed the reason was they can buy what they want and that life is a lot easier | 23 % |
| Effect on Family Life | |
| Percent who remained married after winning | 95 % |
| Percent who were living with a partner (not married) and are still in the relationship | 100 % |
| Percent of winners who’s family claims to be happier | 58 % |
| Percent of family’s who claim to be less happy | 37 % |
| Percent of family’s who cited increased financial security as the main reason | 34 % |
| Probability that new family wealth will be gone by the third generation | 90 % |
| Percent of winners who have given some money to their family | 83 % |
| Of these: | |
| Percent who gave money to their siblings | 66 % |
| Percent who gave money to their children | 57 % |
| Percent who gave money to their parents | 51 % |
| Likeliness that the winner’s family will ask for money | |
| Percent of families who asked for winnings from winners of $100,000 to $500,000 | 17 % |
| Percent who asked for winnings from winners of $4 Million + | 29 % |
| Effect on Friendships | |
| Percent of winners who already had a best friend and are still best friends | 90 % |
| Average number of friends men winners give money to | 3 |
| Average number of friends women give money to | 1 |
| Effects on Lifestyles | |
| Percent of lottery winners who had spent their entire winnings within 5 years | 44 % |
| Percent who increased contributions to charity | 40 % |
| Percent who vacationed outside of the country for the first time | 19 % |
| Percent who have still not vacationed outside of the country | 12 % |
| Percent of winners who purchased a motor-home / RV | 7 % |
| Percent of winners who have moved since their win | 38 % |
| Of those who moved: Percent who moved from an apartment to a single family home | 75 % |
| Percent of lottery winners who now own property in foreign countries | 24% |
| Percent of lottery winners who have had plastic surgery | 1 % |
| Percent of winners who moved their kids from public to private schools | 3 % |
| Percent of winners who joined a health club | 12 % |
| Percent of winners who have gained weight | 32 % |
| Percent of winners who have lost weight | |
| Effects on Work | |
| Percent of winners who were in a career job before their win and are still in that job | 48 % |
| Percent of winners who have started a new job since winning | 15 % |
| Percent of winners who started their own business | 45 % |
| Percent of lottery winners who still play the lottery on a weekly basis | 68 % |
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