Because the money is harder to access, people who take structured settlements are more likely to "get rich slowly" than my professional clients who can cash in a mutual fund or stock whenever they want.
"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.
Just like in other recent political scandals, the first bit of news breaking from YouTube and social networks on Bob Farmer's jokes about Eastern Kentuckians has sparked a flood of additional information about Farmer on the internet.
Why give your family a lump sum and have them blow it? Most insurance policies have options to pay out over time, but few people use them. It limits them to the terms of the insurance company. Thus, I came up with a simple system.
You would think that after having overcome trillion-to-one odds, the idea of running through the money would seem silly to most lottery winners. But 90 percent of people do just that within five years of winning the jackpot.
We have become a nation where our leaders can throw billions at places like Goldman Sachs, which does nothing to touch the lives of average Americans, but underfund the war against cancer, which touches almost every family.