Poll: most Americans would continue working after lottery win

Sep 17, 2004, 8:37 am (25 comments)

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"If you won $10 million in the lottery, would you continue to work, or would you stop working?"

In a poll released by Gallup this week, 55 percent of respondents said they would continue to work, while 44 percent said they would kiss the boss or their business bye-bye.

Between the sexes, more men (61 percent) than women (48 percent) said they'd stay on a career path despite such a big windfall. And among the age groups, 59 percent of the younger set (defined as those under 50) said they'd keep working versus 45 percent of those over 50.

Those who go to church weekly were more likely to stick with work than those who attend less often or not at all.

And among those polled who said they would continue working, about two-thirds said they'd stay in their current job, while a third said they'd look for a different one.

When it comes to how the fantasy lottery winners would manage their newfound wealth, here are the responses from a few:

  • Share the wealth with family and friends
  • Invest enough for children's education, give money to family members and take 6-week vacations
  • Keep enough to feel secure, buy a condo in Manhattan and give the rest away

CNN/Money

Comments

fja's avatarfja

depending on the size of the windfall.....You might have to quit your job in order to work your money....its not as easy as it looks!

twisted's avatartwisted
Quote: Originally posted by fja on September 17, 2004


depending on the size of the windfall.....You might have to quit your job in order to work your money....its not as easy as it looks!


I agree.  If its a sizeable jackpot, then I would actually have to quit my job, study further. 
DoctorEw220's avatarDoctorEw220

depends on the jackpot size and type.  if i were to win an annuitized jackpot, then there is a greater chance i would quit my job, depending on the size of each payment.  if it were a cash jackpot, odds are it would be smaller, so i would probably keep working.

lchoro

If it's a sizeable amount, you might want to use the money to start your own business, or if large enough start and operate a foundation to evaluate charitable causes to direct your winnings....

tg636

I would continue to work - but not at my old job. I would work at whatever I felt needed to be done, whether activist, managing my money, helping people or picking up litter on the beach.  Whatever I did,  I would not worry about salary or benefits.

Badger's avatarBadger

Work for someone else? FORGET IT !

I'd pursue all the personal interests I have that can't make me a dime but are personally enjoyable.

No way I'd continuie to be tied to someone else's idea of "work" and "schedule".

Badger

r_billerey

well I am 47 and make only 16,000 a year, joinly we make only 27,000 a year, so no doubts that even with much less,  I , sorry We will "runaway" from our jobs, because in the next 20years working like a dunky we will made little over 500,000 so with 10 million or even 20% of it , we will not be thinking it, You will see our notice on the desk. and Ciao

DoctorEw220's avatarDoctorEw220

dude.  if you are making that much with your job, why are you playing the lottery?

DoctorEw220's avatarDoctorEw220

don't you think you should put that money toward other things?

BIRD's avatarBIRD

cant do it nooooooop I believe I could be doing something more constructive

r_billerey

dude.  if you are making that much with your job, why are you playing the lottery?

I hope, Doc, that this is not an answer to my post because I realy dont understand it. because 27,000 a year is "nada" but nothing

markp1950

First and foremost, the biggest thing that I will buy is my retirement...



No way in h-e double toothpicks if I have big cash will I go back to work...



I will calculate, figure any way to retire....



I have worked everyday the last 2 weeks and am working 12 hour saays this week... And am hoping that tomorrow will be my last day....



I cuss every moron that goes back to work after winning the lottery...



MarkP

DoctorEw220's avatarDoctorEw220
Quote: Originally posted by r_billerey on September 20, 2004



dude.  if you are making that much with your job, why are you playing the lottery?

I hope, Doc, that this is not an answer to my post because I realy dont understand it. because 27,000 a year is "nada" but nothing




if you can make ends meet, then ok, go play.
r_billerey
Quote: Originally posted by markp1950 on September 20, 2004


First and foremost, the biggest thing that I will buy is my retirement...

No way in h-e double toothpicks if I have big cash will I go back to work...

I will calculate, figure any way to retire....

I have worked everyday the last 2 weeks and am working 12 hour saays this week... And am hoping that tomorrow will be my last day....

I cuss every moron that goes back to work after winning the lottery...

MarkP


He Markp did you read about this guy in Canada who won 7,5 million and when back to work because he cannot change his "live"  style.
DoctorEw220's avatarDoctorEw220

exactly. some peopke just like their jobs that much. success isn't always defined by how much money you make.

CASH Only

My favorite job was delivering lottery magazines.

hypersoniq's avatarhypersoniq

If I ever won the powerball (even the base jackpot) I would leave my job and make it available for someone else who needs it. anything between 500k and 3 million after taxes and I would keep on working, although I may find a job closer to home... and under 500k, business as usual.

If I ever won a big jackpot, like tonight's PB... not only would I leave my current job, but I would open up my own business and create some jobs that pay fair, family-sustaining wages with great health benefits...

luckylottolady's avatarluckylottolady

i would quit work. let someone else have the job who needs it,if they can put up with the place i work.lol.if i liked the place more i would stay,and if they treated us better.

Babel
Quote: Originally posted by luckylottolady on October 03, 2004

i would quit work. let someone else have the job who needs it,if they can put up with the place i work.lol.if i liked the place more i would stay,and if they treated us better.






Yeah definately. The last job I had I loved the work. It was a challenge intelectually, and the people I was working with, both fellow employees and customers were a blast. But the people in charge treated us like dirt and sent our jobs to India and Canada. I finally couldn't take it anymore, couldn't take the stress and abuse so when the opportunity came to quit and go back to college I jumped for it. I kind of kick myself because had I waited another 6 months I would have been laid off and could have collected unemployment while going to school. No way would I keep working with a lottery windfall. Like Hypersoniq I would look to create opportunities for friends and family. Spread the wealth.
DoctorEw220's avatarDoctorEw220

at least you are improving your chances of getting a good job in the real world.

willl3

anyone who won more than a 1,000,000 net and goes back to work is a moron. You could agressivly put the money in corporate bonds or junk bonds that pay over 10%. That would mean 100k a year.

The people who win and go back to work are ignorant people who don't know any better.



Makes me mad when I see these stupid people

billy joe bob you just want 200 million what are you going to do. first buy a house and i'm not going to quit my job.... f_that!



Move to italy, south of france, switerland...you dummies life is much better there



Babel
Quote: Originally posted by DoctorEw220 on October 03, 2004

at least you are improving your chances of getting a good job in the real world.






I'm beginning to wonder, honestly. So many people I know with degrees aren't doing any better in the job market now days then those without. Used to be there were a few degree choices that were sure things. But now, not so much. I'm racking up fantastic ammounts of loan debt to do this, I guess I would feel better about it if I had high confidence of landing a good job when I graduate. But I have no confidence at all in that happening.
CASH Only

I wonder if that Texas winner will work again.

DoctorEw220's avatarDoctorEw220
Quote: Originally posted by Babel on October 04, 2004



Quote: Originally posted by DoctorEw220 on October 03, 2004


at least you are improving your chances of getting a good job in the real world.







I'm beginning to wonder, honestly. So many people I know with degrees aren't doing any better in the job market now days then those without. Used to be there were a few degree choices that were sure things. But now, not so much. I'm racking up fantastic ammounts of loan debt to do this, I guess I would feel better about it if I had high confidence of landing a good job when I graduate. But I have no confidence at all in that happening.


well what are you studying?  if it's like my major, video production, the field is constantly growing because new technology brings about new jobs.  another way to get your name out is by an internship.
CASH Only

I just started a job today retrieving shopping carts.

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