A New Generational Divide: Living with(out) the Bank of Mum and Dad (Eliza Filby)

How can Millennials, Gen Zs and Gen As thrive in a world where so much success depends on having access to the Bank of Mum and Dad?

Historian Dr Eliza Filby – an expert in generational identity – tells Amol that society needs to shift in three major ways to mitigate the “rupture” between young and old: in values, education and wealth.

Amol speaks with her about her book ‘Inheritocracy’ which calls for a radical redefining of meritocracy. They also discuss the shifts in parenthood and the evolving household roles of men and women, and ‘kidulthood’ - where young people move into adulthood in their early thirties instead of their late teens or early twenties.

(00:02:30) What is ‘Inheritocracy?’

(00:04:13) The values rupture – Baby Boomers are the exceptional generation

(00:10:07) The education rupture - the declining graduate premium

(00:16:00) The wealth rupture – unattainable ‘big ticket’ items

(00:28:00) Why is the social contract broken between generations?

(00:38:27) Shifts in assortative mating

(00:45:30) Is meritocracy a good idea in principle?

(00:54:17) How to reconfigure the tax system for a new generation

(00:57:07) Dr Eliza Filby's radical idea

(01:01:11) Amol’s reflections

(01:04:25) Listener messages

GET IN TOUCH * WhatsApp: [phone] * Email: [e-mail] Episodes of Radical with Amol Rajan are released every Thursday and you can also watch them on BBC iPlayer: https://www.bbc.co.uk/iplayer/episodes/m002f1d0/radical-with-amol-rajan Amol Rajan is a presenter of the Today programme on BBC Radio 4. He is also the host of University Challenge on BBC One. Before that, Amol was media editor at the BBC and editor at The Independent.

Radical with Amol Rajan is a Today Podcast. It was made by Lewis Vickers with Anna Budd. Digital production was by Gabriel Purcell-Davis. Technical production was by Gareth Jones. The editor is Sam Bonham. The executive producer is Owenna Griffiths.