quote Originally posted by maryjane: That, is NOT a lot of $$ nowdays. Not chump change, but in the big scheme of things, it really wouldn't last many of us for very long if it were the only source of income. Even if a person normally made and spent at the rate of $60k/year, 500K would only last a little over 8 years.

And would last me, at that calculation, 24 years. I only make (and survive) on 20k a year or less on average.. I have had a couple good years that were close to $30k.. but never more than that. One of the reasons I can get away with spending so little is I don't play the lottery!

[This message has been edited by tbone42 (edited 03-08-2012).]

She's been cut off. Lawmakers denied her any more assistance. Law proposals denying lottery winners assistance have been in the works but the story making headlines pushed it to the top.

Ya, I saw that this morning. Bet shes mad now because she has to sell her houses. Of course if she bought an SUV, she could live in it. If she reapplied for assistance, If I worked there, Id make sure I drug it out for years before giving her any again.

1/2 million would be great. Thats almost as much as in my retirement account that I plan on living off of till I die. Granted I dont have any high ticket stuff to pay for like cars or house, but Im living pretty good on $1,000 @ month. From my calculations her 1/2 mill at $1,000 a month would last her 41.6 years.

She did buy a house (in Lincoln Park @ $45,000) and car (Chevy Cavalier @ $3000). If she didn't tell the Department of Human Services of the winnings she might have to pay back $1400 (7 months @ $200 a month). She said she told them but ...

I'm not even on food stamps, and yet I can't justify spending money on lottery tickets. Glad she had the disposable income to allow her to take a gamble and win. A shame she didn't win a money management class to go with her new found wealth.

Michigan $1 Million Lotto Winner Who Was Charged With Welfare Fraud Found Dead

A woman who admitted to receiving food stamps after winning $1 million on a Michigan state lotto game show was found dead today.
The circumstances surrounding Amanda Clayton's death were not immediately released by police, but ABC News' Detroit affiliate WXYZ-TV reported that sources within the police department said they suspect the woman died of an overdose.
An autopsy is pending on Clayton's body, which was found at a home in Ecorse, Mich., police said.
Clayton, who became a millionaire after her big win last September, caused outrage earlier this year when it was revealed she was continuing to get $200 in monthly food aid from the state.
According to the attorney general's office, Clayton failed to report her winnings and employment while receiving $5,475 in food and medical assistance.
"It's simply common sense that million dollar lottery winners forfeit their right to public assistance," Michigan Attorney General Bill Schuette said in a statement. "We will continue to work with local, state and federal authorities to uphold state laws intended to ensure wise stewardship of taxpayer dollars."
Michigan public assistance programs require participants to report income and employment.
She pleaded no contest to welfare fraud and was sentenced to probation in July.

That was barely 6 months after she hit the lottery, my condolences go out to her family.

She did get the food stamp abuse problem out into the spotlight, I'll say that. Did Michigan get the loophole fixed?

I haven't got much in this world, break my back to get by, get killed on taxes, stories of assistance abuse just incinerate me. I believe in helping the truley needy, by golly, it sure is deflating when you see stories like this.

quote Originally posted by jetman: That was barely 6 months after she hit the lottery, my condolences go out to her family. She did get the food stamp abuse problem out into the spotlight, I'll say that. Did Michigan get the loophole fixed? I haven't got much in this world, break my back to get by, get killed on taxes, stories of assistance abuse just incinerate me. I believe in helping the truley needy, by golly, it sure is deflating when you see stories like this.

Yep, I agree with you totally!

Sad,but I just saw on the news this morning,she died from a drug overdose!
http://www.foxnews.com/us/2...sible-drug-overdose/

[This message has been edited by James Bond 007 (edited 09-30-2012).]

quote Originally posted by James Bond 007: Sad,but I just saw on the news this morning,she died from a drug overdose! http://www.foxnews.com/us/2...sible-drug-overdose/

Just my opinion... Good riddance! A drug overdose is the fault of the person that, um, DID THE DRUGS! If she had died of something beyond her own means, then I would be sympathetic. But, if she really did OD, then no feelings sent her way.

I may be cruel, but it just so happens to not be any of our faults that this had happened to her.

Tony

If you win a lottery and you select getting payments, do they stop if you die before you get it all.

And I'll bet that she hardly has any money left. Tax payers will probably foot her burial.

RIP!

quote Originally posted by rogergarrison: If you win a lottery and you select getting payments, do they stop if you die before you get it all.

I honestly don't know the answer to that Roger but, I suspect that it's her property and will go to her child. Most likely to be put in a Trust Fund until the child reaches adulthood.
Someone correct me if I'm wrong.

------------------
Ron
We learn good judgement by exercising bad judgement. Such is the human condition, as sad as that sounds.

http://news.yahoo.com/thous...-and-investment.html

A new report shows that some 2,400 millionaires received unemployment insurance benefits during the economic downturn, a number that has caught the attention of politicians who funded extensions of benefits for up to 99 weeks as the economy crumbled.

In 2009, 2,362 millionaires received unemployment benefits, down from 2,840 the year prior, according to a study from the Congressional Research Service, a non-partisan arm of U.S. Congress that provides policy and legal analysis. Of the 2,362 more than 1,000 receiving unemployment benefits had a household adjusted gross income of $1.5 million in 2009.

The report titled "Receipt of Unemployment Insurance by Higher-Income Unemployed Workers" found that 0.02 percent of tax filers that received unemployment benefits in 2009 were millionaires. A total of $20.8 million in unemployment benefits went to this group.

"It sounds scandalous when you hear that millionaires are going to collect unemployment insurance," Bill Frenzel, guest scholar at the Brookings Institute and former Republican member of Congress, told ABC News. "On the other hand, millionaires get unemployed too and have made payments into the unemployment insurance."

In 2010, 4.6 million people were kept out of poverty due to unemployment benefits, according to the Center on the Budget and Policy Priorities.

Frenzel says if they made a million dollars in income the year prior, "they could probably stand being barred from unemployment this year."

And, apparently one member of Congress agrees.

"Sending millionaires unemployment checks is a case study in out-of-control spending. Providing welfare to the wealthy undermines the program for those who need it most while burdening future generations with senseless debt," Republican Senator Tom Coburn, M.D. of Oklahoma said in a statement to ABC News. Based on the report from the Senator's office, millionaires received $74 million in unemployment insurance from 2005 to 2009.

According to the Center on Budget and Policy Priorities, the average individual collects about $300 per week from unemployment compensation.

Early last year, Sen. Coburn introduced " Ending Unemployment to Jobless Millionaires Act of 2011," which is currently languishing in the House of Representatives, a bill which sought to halt payment of federal funds for unemployment compensation to individuals whose "resources in the preceding year" was $1 million or more.

But millionaires aren't the only individuals to benefit from unemployment benefits. A few other high-income brackets receive compensation from the government. More than 8,000 tax filers making $500,000 to $1,000,000 received unemployment benefit income in 2009 and more than 900,000 tax filers that made $100,000 to $500,000 received unemployment benefit income.

While being millionairs should disqualify you, I can see where a family that makes say $200,000 and they get laid off should be able to collect benefits. Money was paid into Unemployment on their behalf, and if they are unemployed, I really cant see not having to pay it to them. If you do, where does that end...if your a millionaire you cant have life insurance over a million...?

quote Originally posted by rogergarrison: While being millionairs should disqualify you, I can see where a family that makes say $200,000 and they get laid off should be able to collect benefits. Money was paid into Unemployment on their behalf, and if they are unemployed, I really cant see not having to pay it to them. If you do, where does that end...if your a millionaire you cant have life insurance over a million...?

I don't think so. If there is a rule for one, there should be a rule for all. Saying that there should be an exception is just buying in again to the bullying tactic by the left. They want rich people to pay--even if that means losing their homes over loss of unemployment.

Yeah, they reeeeeally care.