Retired Boomers Are Spending the Kids' Inheritance on Travel, New Data Shows

New figures from Britain's largest travel trade association show 82% of people over 65 took a holiday in the past year, a trend dubbed «ski-ing» — spending the kids' inheritance. Surveys in both Britain and the U.S. suggest many older adults plan to enjoy their wealth rather than pass it on, complicating the anticipated $124 trillion wealth transfer to Gen Z and millennials.

This item was produced with AI assistance under the editorial responsibility of Haydamax OÜ.