Making that windfall last

Updated January 15 2013 - 5:13pm, first published December 5 2012 - 3:00am

One in five people who receives an inheritance of $100,000 or more spends the lot, rather than saving or investing at least some of the money, according to a US study that probably reflects what happens in Australia, too.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Bendigo news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.