We spend our children's inheritance traveling around the world, people call us 'selfish' but we don't care

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Parenting,Baby Boomers,Inheritance

They started a Facebook group called SKIclub, which stands for “spending kids inheritance”, where retirees can share travel tips.

A rich boomer couple has been labeled “selfish and privileged” after revealing they intended to burn through their children’s inheritance with luxury holidays.

The couple has spent $114,631 on seeing the “wonders of the world” since their retirement, and their travels have included Machu Picchu in Peru, India, Sri Lanka and the Maldives.The Ryland couple has spent $170,000 on seeing the “wonders of the world” since their retirement, rather than putting it towards their sons’ inheritance.In fact, they plan to continue traveling and joked their sons would only inherit the “shelf of s–t” from their travels.

“And he said, ‘You’re crazy if you don’t retire when you can, because you’ll spend most of your wealth on travel or whatever in the first 10 years, and then after that it slows down’.The couple have not only taken the mindset themselves, but have taken steps to help other rich, older parents spend their children’s inheritance.

“SBS Insight tonight is hilarious,” one person wrote on social media. “Boomer privilege at its best and still not conscious of it. So entitled.”

 

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