business opportunities, and will experience individuals requesting loans or gifts. symptoms of sudden wealth syndrome and the changes in lifestyles and relationships can often cause an individual to adopt self-destructive and self-defeating behaviours in response to their new financial status. a struggle of adjustment can lead to overspending, pursuing risky investments, loaning money to people hastily, and giving their fortune away. a famous study in 2010 from the review of economics and statistics revealed that, out of 35,000 lottery winners who obtained between $50,000 and $150,000 in winnings, 1,900 of them had filed for bankruptcy within 5 years. a 2015 paper in the american economic review also presented that 15% of nfl players filed for bankruptcy after 12 years of retirement. in cases of inheritance, approximately "70% of wealth transfers fail by the third generation" (livingston, amy, money crashers). many individuals with sudden wealth syndrome may lose their new fortune due to a lack of planning and preparedness for the changes that will accompany their wealth. prevention the prevention of sudden wealth syndrome depends upon the diagnosis and recognition of early symptoms and changes in relationships. as the influx of wealth is unexpected, there is a limited amount of ways to be prepared for sudden wealth syndrome and in turn, to avoid developing the psychological condition. for individuals who have received an inheritance, the news of receiving a large sum of money without prior knowledge can be overwhelming. if a parent, grandparent, or carer is considering, or has decided to bequeath their wealth to another person, psychologists say it is important to tell them earlier rather than later. the added time and prior knowledge can allow a person to comprehend the situation and plan their future accordingly with ample time to adjust to their eventual circumstances. otherwise, in cases of lottery winners, sudden inheritances, and trading of cryptocurrencies, educating oneself is highly recommended by professionals and wealth psychologists. by researching how to budget and save, understanding the investment basics, and overall gaining financial literacy, a recipient may feel more comfortable and knowledgeable of their situation. an additional step to prevention is hiring a financial advisor and/or seeking a psychiatrist or psychologist for emotional support. a financial advisor's priority is to prevent the client from making missteps in their actions post-influx of wealth. a financial advisor can assist with assessing the situation and providing unbiased advice for both current and future choices, such as business investments or large purchases. they can also help to set realistic goals and objectives for a person's finances, which can be broken down into categories of lifestyle, family, future, and charitable donations. this analysis of short and long-term goals can provide stability to the recipient's overwhelming circumstances. overall, a financial advisor can help to bring a "clarity and simplicity" (stenner, thane, vol. 6, iss. 12, 2003) to their client's lives in a stressful time. emotional planning is also a method of prevention. expert susan bradley calls this mechanism a decision-free zone, where the recipient is encouraged to wait a period of time before making any decisions regarding their wealth. the outcomes of this zone include staying in control, making gradual and logical decisions, understanding taxes, and working through emotions, which can give a recipient breathing space. other methods include involving oneself in community activities, maintaining discipline, and keeping their sudden wealth discreet. patience is also motioned as a vital quality to exercise when receiving a large influx of money unexpectedly. diagnosis and treatment there is no medicinal treatment for sudden wealth syndrome. treatments or methods of overcoming the condition usually include clinic visits and consulting in therapists, psychologists or psychiatrists. this can help an individual achieve stability to their situation and provide them with both emotional and financial security. to diagnose and treat sudden wealth syndrome, a clinician must address a person’s current emotions and behaviours, as well as their socioeconomic status and childhood relationship with money. this includes analysing the recipient’s cultural views of affluence, their intra-personal relationship with themselves, and relationships with family, friends, and work colleagues. additionally, understanding a recipient's family origin can reveal a background or relation to compulsive spending, bankruptcy, poor boundaries surrounding money, and using money as a means of reward or control.