Answer to Question #9141 in Microeconomics for sherry q

Question

we see an unusually high rate of domestic issues and drepression among lottery winners. Why are these people, who have won millions of dollars, so unhappy? Explain with economics.

Answer 1

Winning of million dollars does not mean that people know how to spend money. Second reason why people can be so unhappy – that they have to pay huge taxes, which sum is based on sum of winning money.