Apr 17, 2026 – 5.00am
When US researchers compared inheritors with those who received different windfalls such as legal settlements or lottery wins, they uncovered something interesting.
Those who inherited money were 24 per cent more likely to have spent their entire inheritance in the first year; in fact, almost half (44 per cent) of inheritors did just that, the University of Alabama and Texas Tech University researchers found.
Loading…