Why it is shocking if your neighbor wins a big prize

- If your neighbor has won a big prize, that is not good news for you. This is shown by research by the Canadian University of Alberta and the American Georgetown University. Now it occurs with some regularity that lottery winners are worse off a few years after their profit, according to the researchers this also applies to the neighbors of the lottery winners.

The research has shown that people with whom the neighbors win a big money prize, take more risks with their money and have a higher chance of going bankrupt than 'ordinary' people.

According to the researchers, this higher probability has to do with striking expenses, financial risks and excessive borrowing behavior. The neighbors want to equal their fortunate neighbors.

'If your neighbor wins a million, you will go bankrupt sooner than if your neighbor wins a thousand dollars,' says economist Barry Scholnick to Edmonton Journal. 'The explanation lies in ostentatious consumption behavior. If your neighbor wins a big cash prize and starts renovating his house or buying a boat, and you're witnessing that, then you're likely to face financial problems. We want to show off and brag to our neighbors. '

The research focused on lotto winners who won less than 150,000 dollars, about 100,000 euros, because people with higher profits tend to move to a nicer neighborhood.

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