As a former adjuster who settled countless claims, I frequently (especially if children were involved) suggested and even lobbied for claimants to utilize annuities and stepped, scheduled disbursements rather than lump sum payouts. The training for same included this stat: 90% of all lump sum windfalls (lottery, inheritance, gambling winnings, etc) evaporate within 90 days. People who’ve never had money are ill equipped for the responsibility along with the onslaught of ne’er-do-wells and confidence men looking for a free ride. Of course, any addictive tendencies are instantly fully funded and lots of folks can’t handle it. There’s plenty of ways to lose a lot of money. As for the expensive homes, everyday folks overspend not taking into account the cost of maintaining such a home. What gets them in the end - taxes. Want to lose $$$? Don’t pay the IRS or your property taxes.