AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Intelligence Squared
How the Bank of Mum and Dad Took Over the Economy, with Eliza Filby
Sep 29, 2024
In this engaging discussion, Eliza Filby, an expert on generational wealth and contemporary values, dives into her new book, exploring how the 'Bank of Mum and Dad' shapes our economy. Alongside Roisín De, they unpack the concept of 'inheritocracy' and its impact on opportunities in education and housing. The episode also tackles societal expectations for Gen Z and Millennials, delves into challenges of caregiving, and addresses the intricacies of inheritance, privilege, and self-improvement pressures, all highlighting the significant influence of family wealth on modern life.
55:04
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Parental wealth, termed the 'bank of mum and dad', increasingly shapes opportunities for millennials in home ownership and education.
- The societal stigma around discussing inherited wealth complicates fair assessments of success and underscores the need for open dialogue about economic disparities.
Deep dives
The Concept of Inheritocracy
Inheritocracy describes a societal structure where parental wealth increasingly dictates opportunities for the younger generation. This concept highlights the growing importance of financial support from parents, referred to as the 'bank of mum and dad', in achieving goals such as home ownership and higher education. This dynamic underscores the shift away from traditional merits, such as earning and learning, towards the profound impact of inherited wealth. Eliza Philby's personal experiences illustrate how her reliance on her parents' financial support shaped her life decisions and opportunities.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode