Psychiatrist on lottery jackpot. Only winning the lottery doesn't make you happy

A historic eight-time jackpot in Austria could be claimed on Sunday, potentially turning one person into a millionaire overnight. While many dream of financial freedom, debt clearance, and global travel, experts caution that sudden wealth does not guarantee lasting happiness. Psychiatrist and author Hans-Otto Thomashoff has spoken out against exaggerated expectations, citing recent neuroscience findings that challenge traditional notions of success and fulfillment. Thomashoff argues that money, performance, or endless fun are not the key ingredients for a fulfilling life. Instead, he emphasizes the importance of meaningful relationships, the ability to shape one’s own life, and a balanced approach to stress. According to him, while money can ease life's burdens, it does not ensure contentment. Studies show that beyond a certain income threshold, around 6,000 to 7,000 euros per month in Europe, additional wealth has little impact on subjective well-being. The phenomenon known as hedonic adaptation further complicates the long-term effects of sudden wealth. After the initial rush of dopamine, the brain quickly adjusts to new circumstances. A luxury home, once a symbol of success, becomes just another part of daily life. This psychological process explains why the euphoria following a million-euro win often fades over time. Contrary to common fears, there is no solid evidence that large sums of money lead to isolation. In fact, a British long-term study found that lottery winners tend to see more friends than before. However, they also question whether some friendships formed after winning are motivated solely by financial gain. The early days after a major win are psychologically challenging. Thomashoff notes that unexpected joy does not automatically guide behavior. It is up to individuals how they handle their newfound fortune, and whether it contributes to greater satisfaction. He stresses that happiness does not come automatically with money. To avoid potential pitfalls, Thomashoff suggests that winnings should be invested in ways that provide reliable additional income. What remains afterward can be spent freely. The goal is to create stability rather than instant gratification. This approach allows individuals to enjoy their gains without falling into the trap of unrealistic expectations or emotional turmoil.