Inheritance -- do we spend it or save it?
Thursday, March 15, 2012 - 09:02
in Psychology & Sociology
Ever wondered what other people do with their inheritance? Do they save, spend or turn it down? According to Jay Zagorsky, from The Ohio State University in the US, it would appear that for roughly every dollar inherited, people save about one-half and either, spend, donate or lose the rest. His work, based on the analysis of data from two large samples of the US population, is published online in Springer's Journal of Family and Economic Issues.