This 20-year-old lotto winner refused $1M in cash and chose $1,000/week for life. Now she's getting slammed for it
This 20-year-old lotto winner refused $1M in cash and chose $1,000/week for life. Now she's getting slammed for it
This 20-year-old lotto winner refused $1M in cash and chose $1,000/week for life. Now she's getting slammed for it
Imagine winning a life-changing sum of money, but instead of taking it all at once, you choose to receive a steady stream of cash every week for the rest of your life. Sounds like a dream come true, right? For 20-year-old Taylor Thornton, that's exactly what she did after winning $1 million in the lottery. Thornton opted out of receiving the lump sum payment of $750,000 and instead chose to receive $1,000 per week for life. At first glance, this might seem like a smart financial move - who wouldn't want to have their basic needs covered without having to worry about running out of money too quickly? However, not everyone is as pleased with her decision. The criticism is coming from all sides, with some people accusing Thornton of being irresponsible and wasteful. "She's going to squander it all away on silly things," said one critic. Others are worried that she'll struggle to budget her weekly allowance and make smart financial decisions. But what about the benefits of receiving a steady income? Wouldn't this allow Thornton to plan ahead, invest in her future, and achieve her long-term goals without worrying about where her next dollar is coming from?- For some people, having a guaranteed income can be a blessing - no more stressing about paying bills or making ends meet.
- It also means that Thornton won't have to worry about managing a large sum of money and making smart investment decisions all at once.
