Evil Baby Boomers Spend Their Son’s Inheritance On Lush Vacations
Baby boomers are known as being one of the greatest generations in history but they are also aging quickly. Many have entered retirement and are now realizing that they have a limited amount of time to enjoy life as they know it.
One baby boomer couple has decided not to go out without a bang. The couple is going to be traveling the world, enjoying life to the full and at the same time, spending their child’s inheritance.
This is not unusual, as many baby boomers are realizing that they can’t take it with them. They have transferred the largest generational wealth in history, but that doesn’t mean that all of them are willing to just pass it on to the next generation.
In this particular case, the couple had some money set aside for their son but they decided to travel the world instead. Leanne and Leon Ryland from Australia made a lot of money and it seems as if they’re interested in spending a lot of money.
She said: “We’ve done all the right things by investing in property, boosting up our super, making sure that was healthy, going without a lot of things.”
“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’.
“It’s changing our mindset. You get into a phase now where you actually spend instead of save.”
She then pointed to her son and said: “Because if we don’t spend it, you know he gets it.”
So far, they’ve spent over $114,000 traveling and visiting places such as Sri Lanka, India, and Peru. They even have a Facebook group called the ‘SKIclub’, ‘SKI’ standing for ‘Spending Kids’ Inheritance’.