An Aussie couple, Leanne and Leon Ryland are facing criticism after revealing their decision to spend their retirement savings rather than saving them for their sons. They have embraced the “Spend your Kids’ Inheritance” (SKI) trend, spending over $170,000 on travel and enjoying their retirement.
“We’ve done all the right things by investing in property and boosting our super,” Leanne said on SBS Insight. “We won’t be able to climb the Great Wall of China or go up Machu Picchu in another 10 years.”
While their son Alex supports their decision, stating, “It’s their money. They should do whatever they’d like with it,” the couple’s approach has sparked backlash from others who believe they should prioritize their children’s future.
Critics argue that parents should always put their children’s needs first, while supporters say no one should expect an inheritance.
Finder data shows one-third of Australians expect an inheritance, with many preferring it as a gift while the family member is still alive.
