According to the National Endowment for Financial Education, about 70 percent of people who have won large lottery jackpots or fall into the possession of large sums of money all at once, wind up going broke and as much as one-third of them file for bankruptcy.
If you thought a half a billion was big - hang on! The jackpot has officially been raised to 540-million dollars for the drawing on Friday. I wouldn't doubt if it grows again tomorrow.
I"m fairly certain that I'm not the only one who day dreams about winning the lottery. It usually happens to me when I'm feeling financially insecure or when I see a neighbor drive by with a fancy sports car. Envy? Yes!