A couple has been branded ‘evil’ after spending their sons’ inheritance on luxury vacations.
Two ‘baby boomers’ have bucked the trend of passing on their wealth and instead, blown it on themselves.
Since sharing this on television, the wealthy couple has faced major backlash from the online community.
One person fumes: “Boomers are evil, bragging about overseas holidays and spending all their money so their kids have no inheritance.”
In agreement, another adds: “Boomer privilege at its best and still not conscious of it. So entitled.”
Others have taken to the couple’s defense and said they should be able to do what they want with their money.
“It’s their money, they earned it, they can spend it how they want. Besides, if either of them needs care in later life it would have gone on that, so they might as well enjoy themselves while they can!” writes someone else.
A second person comments: “It’s not a parent’s job to leave their children an inheritance. Their job is to love, feed, clothe, and teach them to survive on their own. If they get left something then great, if not so what.”
Leanne and Leon Ryland, from Victoria, Australia, revealed their plans to spend their two adult sons’ potential inheritance on the SBS program Insight.
They disclosed that they had already spent $114,631 on exploring global landmarks. They’ve visited numerous destinations, including Machu Picchu in Peru, India, Sri Lanka, and the Maldives.
Humorously, they said their sons would inherit a ‘shelf of s***’ from their travels.
The couple decided to splash the cash after consulting a financial planner who advised them to enjoy their wealth.
Leanne said: “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.”
Now, they’re encouraging others to do the same.
