Dr. Eliza Philby

health, education, housing, childcare, became really, really expensive, right?

But what became cheap was eating out, technology, travel, the three things that are synonymous with millennials.

It wasn't that we loved all that avocado and coffee.

The economy was literally encouraging us to indulge in those things and discouraging us unless you had the bank of mom and dad.

So unless you had the bank of mom and dad, you don't have access to housing, affordable healthcare, affordable education, affordable childcare.

And so it's a two-part story.

Number one is the baby boomers had this phenomenal experience, again, some, not all, of access to assets, professional workplaces, investment in their pensions and wealth.

And the second part of the story is millennials didn't.

So their parents, those that could, passed the money down.

And they've been incredibly generous.

And I was speaking to an economist when I was writing the book, and he said to me, the way I see it is they've been brilliant parents, but bad citizens.

Damn, say that again.

Say brilliant parents.

They've gifted as much as they can.

But bad citizens because ultimately it's created and contributed to this widening inequality.

You're going to be doing it for a long time.

It's a full 180.

We're here now.

Charge!

I think it's good advice.