Dr. Eliza Philby

actually having massive amount of support from your parents can be disabling.

It can be full of shame.

It can be demotivating.

And so I deliberately went in search of people that had received a lot of money and actually didn't want it or felt controlled by it or felt demotivated by it.

Because inheritance is, you know, and that can be economic inheritance.

It can be, you know, it can be emotional.

It can be, you know, there's all sorts of forms.

It can be cultural, it can be anything.

It can be cultural, you know, but...

The key thing is, is that this isn't just a subject where we calm down and we make some crude economic argument where we go, right, there's the privileged few and there's the rest and, you know, they're screwed and they're, you know, not.

Because actually...

The Inheritocracy fundamentally isn't this evil capitalist system.

It's quite often, I would say the majority of the time, a system, an economic model that's built on parental love.

So just dismissing it as crude, economic, nihilistic system that is really unfair, I just felt wouldn't do full service to the subject.

Ultimately, yes.

I mean, we're talking about, I think it's important to kind of like drill down on the fact that in the US, in the UK, most of Europe, Australia, Canada, English speaking world, we're talking about trillions of dollars here.

You know, five years ago, it was estimated that the great wealth transfer, the money trickling down from parents to their kids was about 80 trillion in the US.

Now, in 2025, it's around 125 trillion.

It's increased just because the amount of the assets and stocks have increased.

So we're talking a considerable amount of money.