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


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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.