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This Is the First Thing Americans Would Do If They Won the Lottery

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 4 of 12: Even a small jackpot could grow into a big a fortune if you invested the money and let the power of compound interest do its magic. However, only about 15 percent of respondents said the first thing they would do if they won the lottery is invest the money.Millennials, though, are more likely than older generations to want to invest their winnings. Nearly 28 percent of 18- to 24-year-olds and 23 percent of 25- to 34-year-olds chose this option. In fact, investing was the most popular thing to do with lottery winnings — along with putting the money in savings — for young millennials.

Millennials More Likely to Invest Winnings

Even a small jackpot could grow into a big a fortune if you invested the money and let the power of compound interest do its magic. However, only about 15 percent of respondents said the first thing they would do if they won the lottery is invest the money.

Millennials, though, are more likely than older generations to want to invest their winnings. Nearly 28 percent of 18- to 24-year-olds and 23 percent of 25- to 34-year-olds chose this option. In fact, investing was the most popular thing to do with lottery winnings — along with putting the money in savings — for young millennials.

© silverkblack / Getty Images/iStockphoto

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