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by jhundal
2723 days ago
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Always worth it to delve into how a statistic was computed. In this case, the organization cited as the source of the 70% figure itself disclaims it: """
Over the past couple of years several news organizations have attributed a statistic to the National Endowment for Financial Education (NEFE) stating that 70 percent of lottery winners end up bankrupt in just a few years after receiving a large financial windfall. This statistic is not backed by research from NEFE, nor can it be confirmed by the organization. Frequent reporting—without validation from NEFE—has allowed this “stat” to survive online in perpetuity.
""" (https://www.nefe.org/Press-Room/News/Research-Statistic-on-F...) |
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