Spending parents leave little inheritance  More and more older people are skiing and it has nothing to do with snow and slopes: this type of skiing stands for Spending the Kids Inheritance, or SKI. What started in the United States as a tongue-in-cheek slogan for a bumper sticker is becoming a reality for thousands of retired people in the UK.

 The stereotype of grandparents sitting at home with a blanket over their knees could not be further from the truth, Today's Saga generation are fit and active, living life to the full and spending their retirement cash on property, cars and travel, The Money Programme followed two SKIers, Sue and John Hynd, to Spain as they began looking for their dream retirement home. "When you get to retirement age and your kids are off your hands and the mortgage is paid, my opinion is: go and enjoy it," said 60-year-old John Hynd.

 "Don't put sums of money away for the kids, because you've spent an awful lot of money bringing those kids up Big spenders, Economically, the Saga generation are becoming a force to be taken seriously. The over 50s spend around £240bn every year on leisure and account for over 40% of all consumer spending.

 In an average month, retired people spend £344m on meals out and £535m on travel. So what do the children of the SKI generation make of their parents spending habits?  Interesting Yes Read On:

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