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Meet the pensioners spending the kids' inheritance
| umber infuriating marketing idea locus | 09/22/26 |
| Carnelian cuckoldry nursing home | 09/22/26 |
| umber infuriating marketing idea locus | 09/22/26 |
| Avocado halford juggernaut | 09/22/26 |
| Stimulating Factory Reset Button Forum | 09/22/26 |
| Stimulating Factory Reset Button Forum | 09/22/26 |
| Carnelian cuckoldry nursing home | 09/22/26 |
| Avocado halford juggernaut | 09/22/26 |
| lilac electric furnace | 09/22/26 |
| Overrated Set | 09/22/26 |
| emerald corner | 09/22/26 |
| checked out chud | 09/22/26 |
| Ocher thriller organic girlfriend cruise ship | 09/22/26 |
| emerald corner | 09/22/26 |
| alcoholic painfully honest boistinker | 09/22/26 |
| light pocket flask spot | 09/22/26 |
| alcoholic painfully honest boistinker | 09/22/26 |
| emerald corner | 09/22/26 |
| Stimulating Factory Reset Button Forum | 09/22/26 |
| Avocado halford juggernaut | 09/22/26 |
Poast new message in this thread
Date: September 22nd, 2026 12:18 PM Author: umber infuriating marketing idea locus https://www.bbc.com/news/articles/cje8y3w2zdpo
Happily retired, Sarah Moorhouse is using her private pension "to go places and do nice things at the drop of a hat". While other retirees with a decent monthly pension income may choose to build up an inheritance for their children, Sarah, 64, and her husband Geoff are opting to spend their money on living life to the max. "We like going to Scotland," says Sarah, a retired school administrator. "We've been down to Cambridgeshire, which was lovely. We go up to the Lake District quite regularly to a holiday cottage, and we're planning to go to Norfolk." The couple, who live in the Yorkshire Dales, go on holiday four or five times a year, spending hundreds of pounds each time because, in Sarah's view, "you only have one opportunity at life". They did recently sell their vintage Sunbeam Alpine sports car. But only so they could replace it with a more modern, sporty two-seater convertible, a Mazda MX-5. "I'm of an age where I'm going to friends' and acquaintances' funerals, and I think you just need to live life and enjoy it while you can, because it's a very precious commodity," says Sarah. Sarah and Geoff are part of a global personal finance phenomenon that has been dubbed "skiing", which stands for spending the kids' inheritance. It is challenging the notion that assets will get handed down to the next generation. One in seven UK parents of children of all ages (15%) now plan to prioritise enjoying their money in their retirement over leaving an inheritance, according to a March report by pension provider Standard Life. And in the US, the number of people expecting to get an inheritance from their parents dropped to 20% last year, from 25% in 2024, according to a study by financial services firm Northwestern Mutual. Sarah and Geoff have two adult daughters. One of them, Poppy, tells the BBC that she couldn't be happier that her parents are out and about having fun. She firmly rejects the notion that she and her sister should expect an inheritance. "To me that's wild. It never even crossed my mind that I'll get money when my mum and dad die. I'd so much rather them do what they want to do." Mike Ambery, retirement and savings director at Standard Life, believes that the move towards skiing in the UK has been driven by the disappearance of final-salary pensions, which provide guaranteed monthly pension payments that last for as long as the retiree lives. Instead, more people in the UK now have what are called defined contribution pension pots, which can run out. Ambery argues that it's easier to be generous with a legacy if you know your retirement income will last as long as you need it. He also points to pensioners wanting to simply enjoy themselves after a life of working. "It's just having a little bit of indulgence to enjoy life. Let's face it, working life can be very hard for some people." Not all retirees are well off, of course. In the UK, 16% of pensioners live in poverty, according to the Joseph Rowntree Foundation charity. The figure for the US is 15.4%, newly released data shows. But at the same time, UK pensioners have seen their disposable income, excluding housing costs, increase by more than that of non-pensioners over the last three decades, according to the Institute for Fiscal Studies think tank. Some 69% of retirees in the UK have a private pension in addition to their state one, official figures show. In the US 56% of pensioners have a private pension.
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Date: September 22nd, 2026 12:22 PM Author: Carnelian cuckoldry nursing home Like Sarah Moorhouse she won't get her UK state pension until she is 67. That's currently a standard £12,547.60 a year
67
12,547.60
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Date: September 22nd, 2026 12:23 PM Author: umber infuriating marketing idea locus (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149256) |
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Date: September 22nd, 2026 12:26 PM Author: Avocado halford juggernaut What is interesting is that everyone acts like in the UK everything is great and they're a socialist paradise because "they have state pensions and old people have the NHS" while in the US old people have social security and Medicare, both of which are superior. (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149260) |
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Date: September 22nd, 2026 3:04 PM Author: Stimulating Factory Reset Button Forum (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149652) |
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Date: September 22nd, 2026 12:22 PM Author: Stimulating Factory Reset Button Forum “ go on holiday four or five times a year, spending hundreds of pounds each time” “spending hundreds of pounds each time” “hundreds of pounds” I’m still shocked at how poor Brits and Europeans are now |
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Date: September 22nd, 2026 12:22 PM Author: Carnelian cuckoldry nursing home (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149254) |
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Date: September 22nd, 2026 12:24 PM Author: Avocado halford juggernaut And remember that with VAT that everything there is far more expensive as well. So figure US dollar prices but it is in pounds. (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149257) |
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Date: September 22nd, 2026 12:44 PM Author: lilac electric furnace "Thinking of moving our washing machine out of our kitchen and splurging on a so-called "laundry room" at a new, larger flat," the pensioner said. (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149295) |
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Date: September 22nd, 2026 1:06 PM Author: Overrated Set (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149380) |
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Date: September 22nd, 2026 2:13 PM Author: emerald corner (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149541) |
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Date: September 22nd, 2026 12:44 PM Author: checked out chud Just kill boomers what else is there to say (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149296) |
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Date: September 22nd, 2026 12:45 PM Author: Ocher thriller organic girlfriend cruise ship lol at a "Holiday" costing "Hundreds of Pounds". It costs like $8K min to rent a fucking beach house for a week in the USA and that's for not particularly nice ones. (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149301) |
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Date: September 22nd, 2026 2:16 PM Author: emerald corner The Lake District is a one hour drive from the Yorkshire Dales, and it's not exactly a sought-after internaitonal instagrammable desctinaiton. A few hundred pounds for a trip sounds right. (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149554) |
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Date: September 22nd, 2026 1:42 PM Author: alcoholic painfully honest boistinker i realized recently that pensions are a kind of prole trap, you pay into them for decades but there's nothing to pass on to your kids after you die. you only own the annuity, not the equity, so your entire life's "investment" dies with you. it kind of tricks poor government workers out of building generational wealth. (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149488) |
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Date: September 22nd, 2026 2:21 PM Author: light pocket flask spot a very high percentage of them would have spent all of the difference, invested nothing, and be totally broke. (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149567) |
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Date: September 22nd, 2026 2:22 PM Author: alcoholic painfully honest boistinker harsh but fair (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149571) |
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Date: September 22nd, 2026 2:13 PM Author: emerald corner Of all the things to get MAF about, retired brits using their modest pensions to take trips all the way to... Cambridgeshire or the Lake District (or pretty much wherever they want) doesn't even register.
Why should retirees save portions of their pensions to give to their kids--other than people like California civil servants who juice their earnings to $450k their last 2 years of work via overtime so they can cop $450k (inflaiton adjusted) for life. They should save a taste for their kids. |
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Date: September 22nd, 2026 3:03 PM Author: Stimulating Factory Reset Button Forum (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149651) |
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Date: September 22nd, 2026 3:04 PM Author: Avocado halford juggernaut (https://xoxohth.com/thread.php?thread_id=5905932&forum_id=2#50149657) |