Revealed: A third of over-55s prioritize spending money on travel over GRANDCHILDREN – and it's a visit to Machu Picchu they're most likely to spend their money on

Britain's boomer generation is prioritizing travel rather than spending money on their grandchildren.

The survey, conducted by YouGov on behalf of CooperativeResearch shows that almost a third of the country's over-55s choose travel as the most valued way to spend their money.

It showed that more than a tenth (13 percent) choose to spend money on their children, and only a fifth (18 percent) spend money on their grandchildren.

The older generation prioritizes living life to the fullest, and age doesn't hold them back. The survey reveals a list of rather action-packed and far-flung travel experiences that the country's over-55s want to enjoy.

Peru's high-altitude Machu Picchu emerged as the number one destination for over-55s in a ranking of 10.

Visiting Antarctica (second) and seeing the Northern Lights (third) rounded out the top three travel experiences on their bucket list.

In fourth place was a cruise, while a trip to Alaska was in fifth place and a safari in sixth place.

As well as visiting landmarks such as the Galapagos Islands (seventh) or seeing the Canadian Rocky Mountains (ninth), they have a number of extraterrestrial ambitions, with a trip to space even making it into the top ten (eighth).

In tenth place was a visit to the Norwegian fjords.

But when it comes to planning an unexpected vacation, many adopt a relaxed attitude.

Nearly a quarter (24 percent) of British over-55s say they never take out travel insurance when they go on holiday, while almost a fifth (19 percent) of them mention their age (11 percent) or have pre-existing medical conditions ( 12 percent) as the reasons why they think they cannot get coverage.

Peru's high-altitude Machu Picchu emerged as the number one destination for those over 55

Graham Ward-Lush, head of travel at Co-op Insurance, said: 'As our research shows, age doesn't have to be a factor stopping people from achieving those all-important travel goals, whether that's visiting an exotic destination. or a world famous landmark.

'While everyone should indeed be able to enjoy life to the full, it is important that people plan ahead and protect themselves with travel insurance should the unthinkable happen.

'Just like with travel, age shouldn't be a factor stopping people from protecting themselves with travel insurance, meaning they can confidently continue to tick off those bucket list experiences if they encounter an unexpected medical problem abroad. '