In some countries, old people who retire from work spend the money on themselves (e.g.holiday) rather than save money for their children. Is this a positive or negative development?

As people live longer and retirement becomes a substantial stage of life rather than a short final period, older adults increasingly face the question of whether savings should support themselves or be preserved for their children. This trend is mostly positive because retirees have earned the right to wellbeing and independence, although it can become problematic when family support systems are weak.