Old People Always Win

Well Put

When someone wins big whether they are young or old I am happy for them because when it's my turn, I would hate for someone to hate me for winning especially if it's because I'm old, young, rich or poor smart or stupid etc... Just be happy for them so when it's YOUR turn you can enjoy the moment.

The previous generation would say the same thing about yours.

What's your source for this? If people over 40 were so smart/wise/experienced and with such foresight why is it that the majority of them who win go broke within a few years after winning? There's plenty of people in each age demographic that would give the same answers and make the same mistakes, it doesn't matter how old someone is. If someone wins a few million dollars chances are they're going to buy many of the things they've always wanted, the problem is that most of them over do it and do it without thinking it through properly so then they get into trouble and I could say that the older you get the more "wants" you aquire. That's something that has been proven time and time again to be a problem with lottery winners and the majority of them are 40, there's a few that have won that were younger and they too had problems (such as a couple winners in the UK) but it'd be interesting to see some real stats or where are they now stories for younger winners. I've met a lot more older people (10-15 years or more) with poor money management skills than I've met people around my age. I know E had that show on former lottery winners called Curse of the Lottery or something like that and the only "success story" I remember was that of a girl who won in her 20s and after several years was still doing well. I could say that with age comes stubborness also, but I do know there's plenty of people in any age group that are so but it seems that when people get older they think they can handle things better because they're more "experienced" so then they know better and refuse to listen to anyone else. Of course there's plent of "know it all kids" too but it's a different situation.

Besides, people who are asked this typically aren't going to give serious answers as to what they'd actually do, especially younger people. Not to sound full of myself but I guarantee that if I won I'd be even better off five years after winning than I was shortly after and doing better than similar or bigger winners. The whole thing with wisdom coming with age is a joke. It's something you either have or don't, no matter how old you are or whatever experiences you've had. What matters is learning from them and the mistakes of others, which is a part of what wisdom really is and it's been shown for centuries that the wisdom of people (especially those with power) is sorely lacking.

Long story short, stupidity doesn't discriminate by age.

A winner is a winner, no matter what the age.  I remember a story about a young woman who was down and out, just abandoned by her boyfriend, the father of her child, while she was trying to make ends meet and she was in college.  She won a sizeable lottery and was able to graduate from college and get a job in the feild she studied for.  Th eLottery win was insurance for the future of her son.  This was back in 1996 or '97.  I do not remember what lottery she won, but I know she was a young single mother.

Thank you DC81 for your interpretation.

Umm,,,,for future reference....I am from the generation that does want a nest egg. Yes ignorance and frivalousness can transpire at any age when money is involved. As to the stats, as I said and I emphasize *Most* constitutes that of 70% and above, Commonly used in stats to give a general perspective and NOT to mislead.

Older folks win because they play, its that simple,,,,

DC81

"If people over 40 were so smart/wise/experienced and with suchforesight why is it that the majority of them who win go broke within afew years after winning?"

That's not an accurate statement at all. The truth is more than half of jackpot winners go broke within five years, regardless of age.

Who said it was meant to be accurate? You picked one sentence out of a long, rambling post where I said that age is not a factor of how someone would handle winning the lottery. It was a response that was meant to point out that just being older doesn't mean anything in the situation.

Wonderful post!

Someone said: "If people in Ohio buy 10 times as many Mega Millions tickets as the people in Washington, then you know what?  Ohio will have 10 times as many jackpot winners."

If people in Ohio buy 10 times more tickets than the people in Washington, they are 10 times more LIKELY to win than the people in Washington not necesarily means they are going to win more often, they are just more likely to win, but still the people in washington can still become as many winners as the people in Ohio..BECAUSE THE GAME IS RANDOM...

and i don't know how the lottery works but if for example....10 million people go to a gas station (i know is not going to be that much) but if 10 million people go to a gas station and buy lottery tickets in the form of quick picks and i heard that each lottery retailer machine independently and randomly selects the combinations, but because the machine selected 10 million only out of 150 million for powerball, it still leaves it with 140 million but because you are not likely to select the winning combinations by just covering 10 million out of 150 million, the jackpot will not be won....Now multiply 10 million scenario that happens in 1 gas station times 20,000 or whatever number of gas stations that there are in the States...20,000 x 10 million comes out to be either 2 billion or 20 billion tickets sold before each drawing....

And because in each gas station they only covered 6% of total amount of combinations that powerball has, the jackpot is not likely to be won on no gas station...And the lottery theoretically speaking just made 2 billion dollars and the jackpot for powerball is only 10 million....

And then after each drawing the machines are going to repeat the same process again and start back from "0" and cover only 6%...(if is 10 million if is less than 10 million then the percentage is going to be less)

Well i kind of exaggerated the number for the sake of clarity in explaining....No gas station is going to sell 10 million tickets....Now let's assume is not 10 million but instead 500,000 tickets where sold at each gas station, then that will be covering 0.33% (or less than 1%) of the entire Powerball combinations this means that each of the 20,000 retailers will be covering less than 1% of the entire powerball combinations and NONE of them will win it or are extremely unlikely to win the jackpot, and if you multiply 20,00 retailers or whatever number of retailers that there are in the U.S times 500,000 it comes out to be 20,000 x 500,000 = 1E10 (i don't know what's that number but i think is 1 BILLION i know is not 100 million) Actually is more than 1 billion because 500,000 x 2,000 is 1 billion....LOL...So in total the lottery will collect more than 1 billion before each Powerball drawing, again theoretically speaking....But because no gas station is going to sell 500,000 worth of tickets, that figure/number will be lower...If each gas stations sell 125,000 tickets the number will be 250 million....If each gas station sells 32,000 tickets then the figure will be 62 million before each drawing that the lottery will collect...That's with 20,000 lottery retailers accross the U.S.A

This is one way that the lottery can do to not make the jackpot NOT be won, and let it continue climbing instead of jacking up the price or continually changing the matrix....

WHATCHA tonk'n bout...........Destined?

DON't ALL of U realize the LOTTERY is ALL about the YOUNG PEOPLE?

DON't ALL>>> realize ALL D darn money GOES to HELP PUR CHILLON!

ALL U young CHILLON >>>ALL get in the "LOTTERY"

& "HEP>>>YOSELF>>> jackpot

BUT and there is alway's a BUTT in this situation..............................

don't "smoKe" D POT

Smoking by pregnant young women & expant young father's

Maybe harmful to UR >>>>>health

LOL

PSYKOMO