Would you give up work if you won the lottery?


Updated on 22 October 2012 | 9 Comments

If the winning numbers came up, would you continue with the day job?

A new report into lottery winners has found that almost one in five new millionaires continue with the day job.

The report from Oxford Economics, timed to coincide with the 3,000 new millionaire created by the National Lottery, found that 19% of £1m-plus winners continued with their job, while 31% took up unpaid voluntary work. However, 59% immediately gave up work.

The winners have also given the economy a boost, with 98% of their spending remaining in the UK. As a result, the report suggests that each winners keeps six person in a full-time job for a year, just through their spending.

So if you won the lottery, what would you do? And what would you do with the money?

 

More on the lottery:

How to win more from the lottery

How to win the lottery...twice!

Play the lottery for free!

Don't fall for this pathetic lottery rip-off

Comments


Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number (FRN): 479153.

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom. loveMONEY.com Limited operates under the trading name of loveMONEY.com Financial Services Limited. We operate as a credit broker for consumer credit and do not lend directly. Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards. While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.