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PRE-ORDER NOW - Published: 26/09/2024
Inheritocracy is a provocative and eye-opening analysis of howparental support is the real economic story of the twenty-first century. This is a recent development but has echoes in the nineteenth century. The modern reality is that for those under forty-five, life chances andopportunities are no longer determined by what you learn or earn butincreasingly by whether you have access to the parental ATM. And there are no signs of the inheritance economyabating. With an estimated GBP5.5 trillion of family wealth set to betransferred in the UK over the next three decades, today's millennials, oftencaught between raising children and looking after parents, are poised tobecome the richest generation in history. Yet there is a deep and powerfuldivide emerging between those who can rely on family financial support andthose who can't. This division gives rise to a taboo. Who among us freely admits tothe levels of financial support we receive from parents oreven grandparents?Inheritocracy is a stimulating and original blendof memoir and cultural commentary, told through Eliza Filby's humorous andinsightful voice and enhanced by over thirty interviews with a diverse group ofmillennials, as well as the views of politicians, economists, authors andexperts from David Willetts to Otegha Uwagba. It also features exclusive YouGovpolling data on the surprising ways that British families think about money,wealth, class and the most obvious but hiddenprivilege that defines life in the twenty-first century: inheritance. Inheritocracy is a fresh and compellingexploration of our recent past and a future that will be shaped - for better orworse - by the largest transference of wealth in human history.Binding: Hardback