Bank of Mum and Dad: why we all now live in an 'inheritocracy'
herbertl Tuesday, January 14, 2025
Summary
The article discusses the growing reliance of young people on financial support from their parents, a trend that has led to the rise of an 'inheritocracy' where wealth is passed down through generations rather than earned. It explores the impact of this shift on social mobility and the challenges faced by those without access to parental wealth.
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theguardian.com