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Are Baby Boomers spending children’s inheritance on travel?

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Are Baby Boomers spending children’s inheritance on travel?
For most people, traveling is one of the greatest joy in life and baby boomers are not the exception. Should you take the next cruise or leave it all to the children?

While still, the vast majority of retirees with children cling to an intention to leave something behind, a recent study has found that a growing number of baby boomers are digging into their children’s inheritance to fund their travels.

According to the study, 18% of travelers over 50 said they had no problem digging into their children’s inheritance to pay for a trip.

More than 50% of those surveyed for the study said they deserved to enjoy the money their children would otherwise inherit and 85% said they weren’t concerned about using the money set aside for their children’s future.

Older travelers used to be quite conservative in their tastes, restricting themselves to cruises, package holidays and the odd chaperoned cultural tour but more baby boomers are spending the money they would have once left their children on once-in-a-lifetime adventures. In fact, if there is one thing that defines this older demographic, it is a new-found sense of freedom. And why not enjoy it while you’ve got the money, right?!

After Fifty Living™ was founded by Jo-Anne Lema, a genuine Boomer and member of the 50+ generation. As she likes to say, “Our enormous generation is charting new territory – we’re healthier, better educated, and more financially fit than any other generation at this time. And, as we march through history, 110 million strong – unique, new issues are developing. It’s exciting to be a part of the development and growth of AfterFiftyLiving.com. This is a historic solution for a historic generation.”

Jo-Anne spent many years in the financial and operations side of higher education after having received a doctorate in education management and administration from Harvard, and an MBA from Southern New Hampshire University. Launching out on her own, though, has been the fulfillment of a life dream. Jo-Anne believes that “AfterFiftyLiving™ will delight its visitors, catalyze its partners, and will significantly benefit those who engage it.”

Residing in New England along with her husband of 35+ years, she never ceases to brag about her two children and 4 grandkids!

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