Lesson #816

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They promised $5,000 a week for life—then declared bankruptcy

A photo of a prize winner holding an over-sized check that promised $5,000 for life

November 10, 2025:

Publishers Clearing House made its name by offering magazine subscriptions through the mail—along with the chance to win big prizes. The lure of big winnings helped the company sell millions of subscriptions. Some winners received $5,000 a week for life. But the company recently declared bankruptcy, and the "lifetime" payments stopped.

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Lesson #816

They promised $5,000 a week for life—then declared bankruptcy

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