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The Conversation USA

Got the winning lottery ticket? An economist explains what to do with all that money

  • Written by Jay L. Zagorsky, Adjunct associate professor, Boston University

A yet-to-be-identified person in South Carolina recently won the Mega Millions jackpot of almost US$1.537 billion. Meanwhile, the Powerball’s prize continues to grow and is currently at $750 million.

This begs a question: What should you do if such a windfall falls into your lap, whether a jackpot, a large inheritance or huge profit from...

Read more: Got the winning lottery ticket? An economist explains what to do with all that money

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