An unexpected big up-front cash, as in the case of lotto winnings, delays but doesn't prevent bankruptcy.
There are many theories why this is so but one of the authors who did this study thinks that this is more of a self-control issue. I think that spending money, as much as earning it, is a discipline we all should learn.
See whole article here.
There are many theories why this is so but one of the authors who did this study thinks that this is more of a self-control issue. I think that spending money, as much as earning it, is a discipline we all should learn.
See whole article here.
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