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Carrick on money: Vampire mortgage lives off deceased owner’s savings

Miniature house on paper with percent symbols

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Vampire mortgage lives off deceased owner's savings
A Michigan woman dies back in 2008, leaving enough money in her bank account to fund the automatic mortgage payments her bank took every month.

Young and old agree: Gen Y is worse off
A survey by the Broadbent Institute finds that young people and their parents think economic prospects for the young are worse than for the previous generation.

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