From TED Ed.

Dig into the pros and cons of annuity and lump sum lottery payouts, and find out the most common mistakes lottery winners make.

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After winning the lottery, one of the first decisions you’d have to make is how you want your winnings to be paid out. You can choose the full jackpot amount, paid out in annual installments over 30 years. Or you can take a much smaller lump sum paid out immediately. So, which is the better option? Explore the financial implications of annuity and lump sum payments.

Directed by Anton Bogaty.

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View full lesson: https://ed.ted.com/lessons/the-biggest-mistake-lottery-winners-make
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Animator’s website: https://antonbogaty.com
Music: https://www.workplaywork.com
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