It’s known as “SKI” – spending your kids’ inheritance – and a growing number of Australians are embracing it.
Wilma Skupch has travelled her entire life, but only in retirement has she become a true globetrotter.
“We’re doing it while we still have our marbles and still can book,” said Skupch, aged 74 and retired for 10 years. “We’ve worked hard, and enough’s enough.” Katrina Barry, chief executive and managing director of Webjet, has seen an increased appetite for travel among middle-aged and senior Australians after years locked inside during the pandemic, with bookings for over-45s rising by seven per cent in 2024.
“While some are spending what would be their kids’ inheritance on travel, others are bringing the whole family along for the experience,” Kavanagh said.
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