Latest Inheritance Stories

2012-03-15 23:23:34

A new national study suggests that adults who receive an inheritance save only about half of what they receive, while spending, donating or losing the rest. The results are good news for retailers, restaurant owners and people in the service industry who will receive that windfall. But it is bad news for those who are concerned about the low U.S. savings rate, said Jay Zagorsky, author of the study and research scientist at Ohio State University´s Center for Human Resource...

2012-03-15 23:01:42

New study suggests people save no more than half of their inheritance 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...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.