Eliza Filby

Historian Eliza Filby, author of 'Inheritocracy,' dives into the shifting dynamics of wealth and inheritance. She argues that hard work is no longer the sole path to success, with generational wealth shaping futures more than effort. Eliza reveals how millennials feel the pressure of unmet expectations and explores the nuanced effects of inheritance on identity and opportunity. They discuss the return of multi-generational households, the changing notion of education's value, and propose ways to lessen inheritance's impact on societal structures.

Dr. Eliza Filby, a generational historian and author of 'Inheritocracy', discusses the immense wealth transfer from baby boomers to their children and its impact on inequality. She examines how inherited wealth often overshadows hard work, creating an 'inheritocracy' that benefits some while disadvantaging others. Eliza delves into cultural differences in family support systems, critiques the myth of the self-made individual, and underscores the importance of open conversations about inheritance to empower future generations.

Eliza Filby, historian and author of Inheritocracy, explores how family wealth now shapes opportunity more than wages. She discusses the Bank of Mum and Dad as a private financial system. Short takes cover parental deposits, property-driven wealth transfer, Gen Z’s financial strategies, and how inheritance reshapes housing, relationships and work incentives.

Eliza Filby, a historian and author of 'Inheritocracy,' dives into the harsh realities of generational inequality. She challenges myths surrounding class and meritocracy, shedding light on how inherited wealth influences opportunities. Eliza discusses the impact of parental support on housing and employment, highlighting the differing financial perspectives of millennials and Gen Z. With personal anecdotes, she critiques the traditional structures that exacerbate class divisions, urging a conversation about economic disparities and the legacy of the Baby Boomers.

In this insightful discussion, Eliza Filby, a best-selling author of "Inheritocracy," and David Sturrock, a Senior Research Economist at the IFS, tackle the widening divide between baby boomers and younger generations. They explore how inheritance shapes social mobility, emphasizing the reliance of millennials and Gen Z on familial support for significant life milestones. The guests also dive into the implications of wealth concentration and the challenges of stagnant earnings, highlighting the urgent need for reforms to bridge the wealth gap and elevate opportunities for future generations.