A boomer couple from Victoria, Australia, Leanne and Leon Ryland, have faced backlash after revealing their decision to spend their son’s inheritance on luxury travel. Instead of leaving the $114,631 they had set aside for their sons, the couple chose to use the money to explore destinations like Machu Picchu, India, Sri Lanka, and the Maldives. They shared their unapologetic stance on an SBS program, Insight, explaining that after years of prudent financial planning, they felt entitled to enjoy their retirement through travel.
Leanne highlighted their financial journey, emphasizing investments in property and superannuation to ensure a healthy retirement fund. She mentioned advice they received to retire early and spend wealth on travel in the first ten years when they’re still active. Embracing this mindset, the couple even started a Facebook group called the “SKIclub,” which stands for “Spending Kids’ Inheritance.” They argue that it’s better to use their money now while they can still enjoy physically demanding activities like climbing the Great Wall of China.
The couple’s decision has sparked outrage, with many criticizing them for prioritizing their enjoyment over helping their children, particularly in a time when younger generations struggle to save and afford homes. Comments online have labeled the couple as “evil” and “entitled,” highlighting the disparity between boomer privilege and the financial difficulties faced by Millennials and Gen Z.
Despite the backlash, their son Alex appears supportive, stating that his parents have earned the right to spend their money as they see fit after working hard their entire lives. While the Rylands’ approach may not be universally accepted, it underscores a broader debate about financial inheritance and personal enjoyment in retirement.
