What it’s really like to win the lottery
Notes de l’épisode
What happens when someone wins the lottery?
Financial planner Matt Pitcher shares his lessons from a decade working with lotto winners.
He reveals how sudden wealth can unbalance life but also create profound meaning.
Listen to uncover the psychology behind money and happiness.
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Today’s sources:
Agarwal, S., Mikhed, V., & Scholnick, B. (2020). Peers’ income and financial distress: Evidence from lottery winners and neighboring bankruptcies. The Review of Financial Studies, 33(1), 433–472.
Brickman, P., Coates, D., & Janoff-Bulman, R. (1978). Lottery winners and accident victims: Is happiness relative? Journal of Personality and Social Psychology, 36(8), 917–927.
Holmes, C. (2022). Happier hour: How to beat distraction, expand your time, and focus on what matters most. Gallery Books.