Selfish? No, just living life

BABY BOOMERS – those of us born between 1947 and 1964 – are often told we are lucky.

We had low mortgages, plenty of job opportunities and solid pension funds that didn’t go bust. A blessed generation. So I was intrigued to learn last week we’re now being tagged as selfish because we want to spend our cash on ourselves rather than leave it for our children to inherit.

Hence the number of middle-aged people enjoying foreign holidays, a good social life, buying new cars, renovating our homes and booking a winter cruise in the sunshine.

Instead, should we be stashing away any cash we have for our kids to inherit?

According to legal experts, people often expect and rely upon an inheritance from parents or grandparents and in many cases feel let down by the contents of a will.

Yes, it is a good idea to help our kids out if we can and many parents do.

But surely it’s better to invest it in treating your children and grandchildren to what they need now.

And while you’re at it why not splash your cash on something you really want?

That’s not being selfish, it’s called living your life and having fun in the here and now.