Some Publishers Clearing House winners are facing the end of 'forever' prizes

apnews.com

6 pointsc4202 comments

>And for some, trouble bubbled up before the Chapter 11 filing. One man, who won a $5,000 a week “forever” award from PCH in 2012, told The New York Times and KGW that he didn’t receive his annual check from the company back in January — which has since caused him to scramble to pay his bills without the money he’s learned to rely on.

Man that's sad ... dude what is that person doing with that cash? Just blowing it all every week?

$5k/wk is $20k/mo or $240k/yr. Before taxes. Not extreme relative to tech salaries. Heck knows enough people in tech manage to spend almost their entire salaries.

Most people succumb to lifestyle creep, and if he’s in a major city it’s pretty easy to spend that sort of money without even accessing extreme luxury. Nice (oversized) home, nice (probably oversized) car, nice clothes, nice vacations. Dine out a few times a week. Personal trainers and housekeepers and gardeners and golf and general purpose keeping up with the joneses.

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