0

Would You Quit Work After Winning The Lottery?

Share Button
I freakin quit e-card

Source: someecards.com

It’s a question we’ve all asked ourselves: if I won the lottery tomorrow, would I just get up and walk out of work, or just not turn up the next day?

To celebrate national Leave The Office Early Day we thought we’d see if people would leave the office early if they won the big jackpot – by quitting there and then! So Lottosend surveyed 1000 of our players to find out how they felt.

And the results were pretty interesting…

  • Only 53% of respondents said that they would quit their job.
  • The results for women and men were almost the same with 52.8% and 53.3% answering yes, respectively.
  • People between the ages of 55 and 64 were much more likely to quit, with 66.7% answering yes. 
  • 18-24 year-olds were the least likely to quit, only 52.2% answering yes.

We suppose it depends greatly on how much you won. If you won $200 million dollars, you’d have $2 million a year to live off even if you managed to become one of the oldest living people on earth. But if you won £1 million or so, it probably wouldn’t be enough to guarantee no money problems for the rest of your life, unless you invested very wisely.

Age affected how many people picked yes, something that didn’t come as a surprise. If you’ve only got a few years until retirement and you land a lottery win of several million, why would you not just become a pensioner/senior citizen sooner? You’d be free to start all those plans you’ve had – your retirement bucket list!

Did you know you can choose to accept lottery winnings as a lump sum or as an annuity, where a fixed amount is paid to you each year? The former means you’ll pay one massive chunk of tax but then are free to spend and invest all the money as you see fit; the latter is a security against blowing all your cash, but it means that if something were to happen to you, you’d miss out on having all that money.

According to the Days of The Year website, Leave The Office Earlier Day: “This day was the invention of Laura Stack, a specialist in employee productivity, amongst other things. Stack noted that Americans work about 49 hours a week, and a grand total of about 350 more hours a year than most Europeans. This can prove detrimental for many reasons.”

It’s only been going since 2005 but we can see see it continuing for quite a while, as it promotes the idea of a much healthier life-work balance!