This 20-year-old lotto winner refused $1M in cash and chose $1,000/week for life. Now she's getting slammed for it

Last year, a 20-year-old woman from Michigan won big in the lottery, taking home an impressive sum of money. But instead of opting for the easy choice - a one-time payment of $1 million - she chose to receive $1,000 per week for life.

At first, it seemed like a great decision. After all, who wouldn't want a guaranteed income stream? But now, many are criticizing her choice, saying that she's throwing money away by not taking the lump sum payment. And with inflation on the rise, they argue, $1,000 per week may not go as far in 10 years as it does today.

But is this criticism justified? We took a closer look at the pros and cons of her decision to see if she's really making a mistake.

• Pros: Receiving $1,000 per week for life means that she'll have a steady income stream without the burden of managing a large sum of money. This could also provide peace of mind and reduce financial stress.
• Cons: With inflation on the rise, the purchasing power of her weekly payment may decrease over time. Additionally, if she lives a long life (and let's face it, 20 years old is just the beginning!), she'll be receiving that same amount for decades to come.

So what do you think? Is this young winner making a smart financial decision or throwing money away? Let us know in the comments!

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