As baby boomers reach retirement age and begin to die, many Millennial offspring will be part of one of the largest generational wealth transfers in history.

That is, of course, if the boomers don’t just spend everything.
Surprisingly, that is exactly what one couple from Victoria, Australia, has decided to do: instead of spending money set aside for their kids’ inheritance, they are traveling the world.

Leanne and Leon Ryland looked completely shameless about their decision to appear on SBS’s Insight.

Leanne had this to say: “We’ve done all the right things by investing in property, boosting up our super, making sure that was healthy, and going without a lot of things.”

“You’re insane if you don’t retire when you can because you’ll spend the majority of your money on vacation or whatever in the first ten years, and then it will slow down,” he said.

“It is altering our attitude. You are presently in a period when you spend rather than save.”

Leanne pointed to her kid and said, “Because if we don’t spend it, you know he gets it.”

Since retirement, the pair has spent over $114,631 on travel, including visits to Machu Picchu in Peru, India, Sri Lanka, and the Maldives.

The couple even created a Facebook group called the ‘SKIclub’, with ‘SKI’ standing for ‘Spending Kids’ Inheritance’.

“We won’t be able to spend all of this money, so let’s do it now because we won’t be climbing the Great Wall of China in another ten years.” We won’t be going to Machu Picchu.”

Given how difficult it is for many younger people to save, gifts or inheritance may be the only way for many Millennials and Generation Z to purchase a home, assuming they are fortunate enough to have family who can assist them.

Needless to say, many people were dissatisfied with the couple’s failure to leave anything for their son, maybe to help him get on the property ladder.

One person commented: “Boomers are evil … bragging about overseas holidays and spending all their money so their kids have no inheritance.”

Another user commented, “SBS Insight tonight is funny. Boomer privilege is at its peak, yet many are unaware of it.” So entitled.”

Their son Alex appeared to be fine with his parents’ decision, or at least resigned to it.

He explained, “It’s their money. They’ve invested wisely and worked hard their entire lives to earn that money, so I think they should be free to use it however they please.

Alex, if you’re under stress, blink twice.