ON AIR: Sunday Night Talk

8PM - 11PM

Survey reveals more boomers are spending their inheritance money

Author
Newstalk ZB,
Publish Date
Fri, 22 Nov 2019, 2:35PM
Cruising is popular with baby boomers. Photo / Supplied

Survey reveals more boomers are spending their inheritance money

Author
Newstalk ZB,
Publish Date
Fri, 22 Nov 2019, 2:35PM

Three out of four boomers would rather go on holiday overseas, than save the money for their kids.

A travel associates survey found 75 percent of the older generation preferred travel to setting up an inheritance.

Financial Advice New Zealand Chief Executive Katrina Shanks told Mike Hosking there's nothing wrong with boomers treating themselves.

She says they didn't borrow a lot of money and worked hard, so now they're going to enjoy it.

"Younger generations don't need a nest egg like they used to."

LISTEN TO THE INTERVIEW ABOVE

ON AIR: Sunday Night Talk

8PM - 11PM