27million lottery winner dies broke 12 yrs later after insane spending spree

[muriel_volestrangler]

66. It does have this:

Similar research from the National Endowment for Financial Education estimates that 70 percent of people who had unexpectedly come into large sums of money ended up broke within seven years.

That's 'most', but is a bit vague - "people who had unexpectedly come into large sums of money", and we don't know how the 'estimate' was arrived at. it seems to come from here:

A R E T H E R E
D A N G E R S
to Making Impulsive Decisions?
There can be. It is estimated that up to 70% of all
people who suddenly receive large amounts of
money will lose that money within a few years.

http://www.smartaboutmoney.org/Portals/0/ResourceCenter/FinancialWindfall.pdf

But that gives no idea of who did the estimating, or how, and actually says "lose that money", not "go broke". Plus it's so sloppily produced that they repeat that an other sections, cutting them in mid-sentence - twice. I'm not convinced this came from any proper research.