Inheritocracy and Social Mobility

This chapter explores the concept of 'Inheritocracy' and its impact on social mobility for millennials and Gen Z, emphasizing how success is increasingly linked to familial wealth. It discusses the implications of rising educational costs and reliance on the 'bank of mom and dad,' highlighting generational divides and the decline in social mobility over recent decades. The conversation also addresses the growing significance of wealth relative to income, the dynamics of wealth distribution, and the need for open conversations about financial inheritance within families.