You Win Some, You Lose Some: Lottery Winners Who Lost Everything

Lou Eisenberg Now Lives Off Social Security

After winning $5 million in 1981, Lou Eisenberg became reckless with his money, taking extravagant trips, gambling, and buying property all over the world. The result? He was flat broke by the time 2001 came around. After receiving $120,000 checks in the mail for 20 years, the now 81-year-old resides in a mobile home living off of social security and pension checks for $1,000 a month.

While living it up for 20 years isn’t that bad, the trend we are seeing is none of these lotto winners know how to stretch their earnings. This next story might give you crippling anxiety.