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The Intelligence from The Economist
Heir-raising: the boom in inheritance
Feb 27, 2025
Callum Williams, a Senior economics writer, discusses the dramatic rise of inheritance as baby boomers pass on their wealth. He explores its implications for modern society, including the growing wealth gap and the potential emergence of a new inheritor class. Benjamin Sutherland takes a cool dive into the rising trend of cold therapy, sharing personal experiences and the science behind it. Listeners will discover how these themes connect to broader issues of wealth and health in today's world.
22:48
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Quick takeaways
- The increasing wealth from inheritances, particularly with $6 trillion expected to be passed down, signifies a shift toward 'inheritocracy'.
- The recent decline in the Democracy Index highlights the growing authoritarianism despite significant elections and a demand for more representative governance.
Deep dives
Importance of Site Selection for Business Expansion
Site selection is a critical early step for businesses aiming to expand operations in the U.S., with North Carolina emerging as a leading choice. The state boasts a well-educated workforce and a robust infrastructure, making it ideal for reaching both domestic and global markets. Additionally, it offers one of the lowest corporate tax rates in the country, enhancing its appeal for businesses looking to maximize profitability. This strategic decision can significantly influence the overall success of a company's expansion efforts.
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