A mother has revealed that she is happy to spend her children’s inheritance and does not feel guilty about it.
Trudy Wertheim, a Western Australian woman who is part of Generation X, said she had worked for decades to support her family and now deserved to live the way she wanted.
“There are generations coming up who just don’t expect to work,” he said. Yahoo.
‘They expect to inherit or for their parents to give them or buy them a family home.’
She said many parents probably didn’t instill a strong work ethic in their children, which may explain why some younger generations have a sense of entitlement.
Ms Wertheim sympathises with younger generations who are struggling, but says her children, in their 30s, are fully supportive.
‘I’ve never been told, ‘We hope you don’t spend your hard-earned savings, because they’re ours.’
She said her children’s attitude is a result of how she raised them and that they just want her to be happy and enjoy life.
Trudy Wertheim (pictured) said she plans to enjoy her hard-earned money now before age catches up with her.
Ms. Wertheim said one of her sons is renting, while the other has entered the real estate market and bought a house.
“Maybe I should give money to the kid who’s renting to help him buy a house, but how is that fair to the kid who already entered the housing market before this started?” she said.
Ms. Wertheim said she plans to enjoy her hard-earned money now, before age catches up with her.
“I don’t want to be in Bali at 80 and fall and break my leg.”
He said his children will not be left empty-handed.
He will leave the settled property to his twins and his grandchildren will receive smaller amounts.
Ms. Wertheim is part of a global trend known as SKI: “Spending Your Children’s Inheritance.”
Ms. Wertheim sympathizes with the younger generation who are struggling, but said her children, in their 30s, are fully supportive.
Critics have called the SKI trend selfish, believing that baby boomers and Gen Xers should save their money to leave for their children and not spend it on themselves.
Some argue that they should help their children through the cost of living crisis so they can afford to own property.
Leanne and Leon Ryland said their children should not expect much from their inheritance as they intended to spend the money on themselves.
Since retiring, the couple has spent $170,000 on luxury vacations around the world.
“We’ve done all the right things by investing in property, growing our pension fund and making sure it’s healthy, without taking a lot of things into account,” Ryland told SBS Insight.
“We’re not going to be able to spend all that money so let’s do it, because in another 10 years we won’t be able to climb the Great Wall of China.”
“We will not climb Machu Picchu”
Alex Ryland said he fully supported his parents.