{"id":10300,"date":"2024-08-15T16:47:10","date_gmt":"2024-08-15T16:47:10","guid":{"rendered":"https:\/\/twistkoala.com\/?p=10300"},"modified":"2024-08-15T16:47:10","modified_gmt":"2024-08-15T16:47:10","slug":"leanne-leon-ryland-spend-sons-inheritance-on-luxury-vacations","status":"publish","type":"post","link":"https:\/\/devserver.pw\/twistkoala.com\/leanne-leon-ryland-spend-sons-inheritance-on-luxury-vacations\/","title":{"rendered":"Parents Branded \u2018Evil\u2019 After Spending Kids\u2019 $114,631 Inheritance On Luxury Vacations"},"content":{"rendered":"\n

A couple has been branded \u2018evil\u2019 after spending their sons\u2019 inheritance on luxury vacations.<\/strong><\/p>\n\n\n\n

Two \u2018baby boomers\u2019 have bucked the trend of passing on their wealth and instead, blown it on themselves.<\/p>\n\n\n\n

Since sharing this on\u00a0television, the wealthy couple has faced major backlash from the online community.<\/p>\n\n\n

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The couple are spending their wealth on luxury vacations. Credit SBS<\/figcaption><\/figure>\n<\/div>\n\n\n

One person fumes: \u201cBoomers are evil, bragging about overseas holidays and spending all their money so their kids have no inheritance.\u201d<\/p>\n\n\n\n\n\n\n\n

In agreement, another adds: \u201cBoomer privilege at its best and still not conscious of it. So entitled.\u201d<\/p>\n\n\n\n

Others have taken to the couple\u2019s defense and said they should be able to do what they want with their money.<\/p>\n\n\n\n

\u201cIt\u2019s 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!\u201d writes someone else.<\/p>\n\n\n\n

A second person comments: \u201cIt\u2019s not a parent\u2019s 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.\u201d<\/p>\n\n\n

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The \u2018baby boomer\u2019 couple has sparked a huge backlash on social media. Credit: SBS<\/figcaption><\/figure>\n<\/div>\n\n\n

Leanne and Leon Ryland, from Victoria,\u00a0Australia, revealed their plans to spend their two adult sons\u2019 potential inheritance on the SBS program\u00a0Insight<\/em>.<\/p>\n\n\n\n

They disclosed that they had already spent $114,631 on exploring global landmarks. They\u2019ve visited numerous destinations, including Machu Picchu in Peru, India, Sri Lanka, and the Maldives.<\/p>\n\n\n\n\n\n\n\n

Humorously, they said their sons would inherit a \u2018shelf of s***\u2019 from their travels.<\/p>\n\n\n\n

The couple decided to splash the cash after consulting a financial planner who advised them to enjoy their wealth.<\/p>\n\n\n\n

Leanne said: \u201cHe said, \u2018You\u2019re crazy if you don\u2019t retire when you can because you\u2019ll spend most of your wealth on travel or whatever in the first 10 years, and then after that it slows down.\u2019<\/p>\n\n\n\n

\u201cIt\u2019s changing our mindset. You get into a phase now where you actually spend instead of save.\u201d<\/p>\n\n\n\n

Now, they\u2019re encouraging others to do the same.<\/p>\n\n\n

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The \u2018baby boomer\u2019 couple is encouraging others to follow in their footsteps. Credit: SBS<\/figcaption><\/figure>\n<\/div>\n\n\n

The Rylands have created a Facebook group called SKIclub, an acronym for \u2018spending kids inheritance,\u2019 to support other retirees and create a space for travel tips.<\/p>\n\n\n\n

Leanne said: \u201cWe\u2019re not going to be able to spend all this money so let\u2019s do it now because in another 10 years, we won\u2019t be climbing the Great Wall of China.<\/p>\n\n\n\n\n\n\n\n

\u201cWe won\u2019t be going up Machu Picchu. We won\u2019t be doing those things. So we\u2019ve gotta do it now because what else is there?\u201d<\/p>\n\n\n\n

Although the Rylands have drawn criticism for their attitude, one of their sons has defended their choice.<\/p>\n\n\n\n

On\u00a0Insight<\/em>, he said: \u201cIt\u2019s their money. They\u2019ve worked hard their entire life and invested well in order to get that money, so I think they should be able to do whatever they like with it.\u201d<\/p>\n\n\n

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The couple\u2019s son has defended their decision to spend the money on vacations. Credit: SBS<\/figcaption><\/figure>\n<\/div>\n\n\n

For a large majority of millennials, born between 1982 and 1994, money has particularly become an issue regarding buying a house.<\/p>\n\n\n\n

This generation faces significant challenges in homeownership due to higher debt levels, lower net worth compared to previous generations, and limited housing supply, as reported by Business Insider<\/a>.<\/p>\n\n\n\n

It\u2019s estimated that the average age of a first-time homebuyer is now 36.<\/p>\n\n\n\n\n\n\n\n

While many \u2018baby boomers,\u2019 people born between 1946 and 1964, now have the cash to live out their dreams.<\/p>\n\n\n\n

In an interview with CBS News<\/a>, Washington Post business reporter Julian Mark elaborates: \u201c[Baby boomers] have built housing equity over their working lives, and they have been able to build wealth, and now they\u2019re buying their dream vacation home or their second home.<\/p>\n\n\n\n

\u201cThey just have more money.\u201d<\/p>\n\n\n\n

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