CLOSE NEIGHBORS OF BIG LOTTERY WINNERS ARE MORE LIKELY TO GO BANKRUPT. Here is the full list of 52 things that Kent Hendricks learned.
One of the things he learned is based on a study which seems to have been carefully done. Peter Coy on the Bloomberg site summarized it:
“Close neighbors of lottery winners in Canada tended to spend more on conspicuous goods, put more money into speculative investments such as stocks, borrow more money—and eventually declare bankruptcy.”