Written by HALO Staff Member, Health And Legacy Organization
September 23, 2026 • 4 min read
Explore the growing trend of 'SKIing' among retirees who prioritize enjoying their wealth in their golden years rather than leaving an inheritance.
In the realm of retirement planning, a new trend has emerged that challenges traditional notions of inheritance. Dubbed 'SKIing'—an abbreviation for 'Spending the Kids' Inheritance'—this phenomenon sees retirees like Sarah and Geoff Moorhouse opting to enjoy their savings instead of leaving a financial legacy for their children. The trend reflects broader changes in retirement planning, driven by the shift from final-salary pensions to defined contribution schemes, as well as a cultural shift towards prioritizing personal enjoyment in one's later years.
### The Rise of 'SKIing'
The concept of 'SKIing' is gaining traction among retirees who are choosing to prioritize their own enjoyment and experiences over leaving a financial legacy for their offspring. According to a March report by pension provider Standard Life, 15% of UK parents now plan to spend their retirement savings on themselves, a figure mirrored by a declining expectation of inheritance among adult children in the US. This shift is partly attributed to the disappearance of final-salary pensions, which offered guaranteed monthly payouts, and the prevalence of defined contribution pension pots that can deplete over time.
### Personal Stories from the 'SKIing' Movement
Sarah and Geoff Moorhouse exemplify this trend. Enjoying their retirement in the Yorkshire Dales, they spend their pension income on frequent trips and adventures, prioritizing experiences over saving for an inheritance. Their daughter Poppy fully supports their decision, seeing it as a natural and preferable choice. Similarly, Karen Green, a semi-retired professional living in France, has been transparent with her children about her intention to spend her savings. With income from a private pension, consultancy work, and property rental, she enjoys a lifestyle filled with travel and leisure activities.
### Economic and Social Factors Influencing 'SKIing'
Several economic and social factors contribute to the 'SKIing' phenomenon. The increase in pensioners’ disposable income over the past three decades, as reported by the Institute for Fiscal Studies, allows many retirees to embrace this lifestyle. Additionally, the cultural shift towards valuing personal happiness and leisure after years of hard work plays a significant role. However, it's important to note that not all retirees are financially secure; poverty among pensioners remains a concern, with significant percentages living below the poverty line in both the UK and the US.
### Comparing Retirement Income: UK vs. US
| Aspect | UK | US |
|----------------------------|---------------------------------------|---------------------------------------|
| State Pension Age | 67 | 67 |
| State Pension Amount | £12,547.60 annually | $49,824 annually at full retirement age |
| Private Pension Coverage | 69% of retirees | 56% of retirees |
### Future Implications of 'SKIing'
As the 'SKIing' trend continues to grow, it presents both opportunities and challenges. On one hand, retirees who prioritize personal enjoyment can lead fulfilling lives, enjoying the fruits of their labor. On the other hand, the decreasing expectation of inheritance might necessitate changes in how future generations approach financial planning and saving. It underscores the importance of transparent communication between parents and children regarding financial expectations and planning.
### Closing Takeaway
The 'SKIing' phenomenon highlights a significant shift in retirement priorities, where personal fulfillment and enjoyment take precedence over leaving a financial legacy. As retirees like Sarah Moorhouse and Karen Green demonstrate, the decision to spend their savings on experiences can lead to a richly rewarding retirement. However, it is crucial for families to openly discuss financial expectations to ensure mutual understanding and preparedness for the future.
Frequently Asked Questions
What does 'SKIing' stand for in retirement planning?
'SKIing' stands for 'Spending the Kids' Inheritance,' a trend where retirees choose to spend their savings on personal enjoyment rather than leaving a financial legacy.
Why are more retirees choosing to spend their savings?
Many retirees prioritize personal enjoyment and experiences after years of work, coupled with the shift from final-salary pensions to defined contribution schemes which may not guarantee a lasting inheritance.
How does 'SKIing' impact future generations?
As expectations of inheritance decrease, future generations may need to adjust their financial planning and saving strategies to ensure their own financial security.
Are there any financial risks associated with 'SKIing'?
'SKIing' can pose financial risks if retirees deplete their savings without considering long-term needs, highlighting the importance of balanced financial planning.
What should families do to address 'SKIing' expectations?
Open communication between parents and children regarding financial expectations and planning can help align understanding and prepare both parties for the future.
