The new social divide isn't class; it's who has access to the bank of mum and dad.
For Millenials and Gen Z the cost of living, and stagnating wages, means that the ones who are able to get ahead are usually given an 'invisible' leg-up by their parents or grandparents.
This big, recent, shift has massive implications for meritocracy, parental retirement plans, how people show up in the workforce, and how much we should be expecting parents to help.
The old trope of kids reaching 18 and having to stand on their own two feet is gone.
Now, it's the kids who stay at home and keep their living costs low, or who have a parental financial leg-up, that are making massive strides.
When your parents are more important to you than your boss that also has implications for the workforce.
What do you think? Have you noticed this huge shift so brilliantly explained in @dr_eliza_filby book, Inheritocracy?
If you'd like to hear my entire interview with Dr Filby the link is in the bio or go to www.teenagersuntangled.com where I have all of my old episodes and combine my research into the struggles of parenting teenagers with my fascination for the changing world in which we have to parent.
#parent #parentlife #parenthood #parents #inheritance #bankofmumanddad #money #moneymindset #moneymanagement #working #careergoals #millenials #genz #society #changetheworld