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Lotterule (lemmy.world)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 1 month ago

Statistically, people may tend to blow their lottery winnings and end up broke if they take the lump sum.

Financially, the lump sum is the better option because if it's well invested, it will grow faster than the full payout over the term of the full payout. It turns out that if you have near unlimited money for the best financial advisors, you will make a lot of money.