I have a feeling there are just as many winners that do alright. You just don't hear about them because it isn't as exciting or juicy to celebrate success. We also know that saving money isn't really considered the cool thing to do these days ... Even though it really is.
Oh! Slightly different case, but I as thinking about writing a post about this just this morning!
Yes. Same with NBA players. However, I am pretty sure that if you or I won 10M or something like that - we wouldn't ever have to work again.
No, not at all. I'd be living off the interest.