Inheritocracy

Inheritocracy

It's Time to Talk About the Bank of Mum and Dad
by Eliza Filby
Money & Investments 17 min read ★★★½☆ 3.8 (17)
Read Summary

About This Book

Inheritocracy (2025) argues that meritocracy is a myth in today’s Britain. Inherited wealth, it suggests, trumps individual talent and effort in shaping the life chances of younger generations – above all, millennials. This isn’t a purely economic story, though: the increasing prominence of parents in adult children’s lives is redefining ideas about everything from growing up to love.

Who Should Read This?

  • Millennials wondering why adulthood feels financially out of reach
  • Parents thinking about wealth, legacy, and fairness
  • Anyone interested in inequality, housing, and generational shifts

About the Author

Eliza Filby is a British historian and author who explores generational changes in her work. Her writing has appeared in The Times, The Guardian, the Financial Times and the New Statesman. She received the Europa Forum’s Millennial Leaders Award for her research on generations in 2022. Filby hosts the It’s All Relative podcast and is the author of the #MajorRelate newsletter.