I love that that evidence actually supports both of us. My claim was that more people that win the lottery do fine than otherwise. Your own evidence is that 2/3rds of them do so. You are focusing on that fact that 1/3rd of them declare bankruptcy, which is higher than the general populace.
That is to say, yes, you have to rack up some bad debts in order to declare bankruptcy. The kind of debts that just aren't possible for most people.
And this is ignoring the selection bias that almost certainly exists here. Buying a lottery ticket is, basically by definition, not a savvy financial move. That it basically works out for 2/3rds of the people that do it speaks to the power of additional resources. :D
That is to say, yes, you have to rack up some bad debts in order to declare bankruptcy. The kind of debts that just aren't possible for most people.
And this is ignoring the selection bias that almost certainly exists here. Buying a lottery ticket is, basically by definition, not a savvy financial move. That it basically works out for 2/3rds of the people that do it speaks to the power of additional resources. :D