How The Bank of Mom And Dad is DESTROYING America

What if you had access to affordable housing, strong pensions, and rising wages at the start of your career? For baby boomers, this was the reality, and it gave them a significant advantage in building wealth. Dr. Eliza Filby joins me to explore how the baby boomer generation set the financial stage for today’s world, acquiring wealth through opportunities that aren’t as accessible to younger generations. But as that wealth begins to transfer, the economic divide is widening, leaving many millennials and Gen Z struggling to catch up. Dr. Eliza reveals how this generational wealth transfer is reshaping our economic landscape, with the “Bank of Mum and Dad” stepping in as a significant financial support system. While it benefits many, it also creates a new set of challenges, as those without access to this generational support find it harder to thrive in today’s economy.Don’t let the wealth gap define your future. Start planning and talking about financial expectations with your family today. Reach out to experts and get ahead of the curve before the next generational transfer happens.In This Episode:- Introduction to the ‘Bank of Mum and Dad’- The baby boomer advantage and its financial impact - Inheritance culture and how it affects meritocracy- Family dynamics that fuel financial dependency on parents- Has the ‘Bank of Mum and Dad’ affected wages?- How is financial dependency on parents affecting family dynamics?- How can younger generations navigate the great wealth transfer?- Final thoughts on the ‘Bank of Mum and Dad’Order Bradley’s Book:The Super Age: Decoding Our Demographic Destiny: https://a.co/d/gmG6t2P About Dr. Eliza Filby:Dr. Eliza Filby is an award-winning speaker, bestselling author, and expert on generational change. She provides sharp insights into the trends shaping how we live, work, and consume, with a focus on the future of wealth, family, and opportunity. Eliza has worked with global brands such as Google, PwC, and Adidas, and has a strong presence on Instagram, TikTok, LinkedIn, and YouTube. Her book, Inheritocracy, became a Sunday Times bestseller in 2024. Eliza's writing has appeared in The Times, The Guardian, and the Financial Times.Get in Touch with Dr. Eliza Filby:Website: https://www.elizafilby.com/ LinkedIn: https://uk.linkedin.com/in/dr-eliza-filby-b255122a Instagram: https://www.instagram.com/dr_eliza_filby/  YouTube: https://www.youtube.com/channel/UCS82Ka2wcPerdEGx6Z1d1eA Get in Touch with Bradley Schurman: Website: https://populationnext.substack.com   YouTube: https://www.youtube.com/@bradleyschurman Instagram: https://www.instagram.com/bigschur/ LinkedIn: https://www.linkedin.com/in/bradleyschurman/