I'd rather pay thousands on a holiday: Meet the pensioners spending the kids' inheritance
The phenomenon sees retirees spend all their money on enjoying life to the full.
Happily retired, Sarah Moorhouse is using her private pension "to go places and do nice things at the drop of a hat".
While other retirees with a decent monthly pension income may choose to build up an inheritance for their children, Sarah, 64, and her husband Geoff are opting to spend their money on living life to the max.
"We like going to Scotland," says Sarah, a retired school administrator. "We've been down to Cambridgeshire, which was lovely. We go up to the Lake District quite regularly to a holiday cottage, and we're planning to go to Norfolk."
"It's just having a little bit of indulgence to enjoy life. Let's face it, working life can be very hard for some people."