In her latest book, 'Inheritanceocracy', historian Eliza Filby examines the growing dependence of those under 45 on parental wealth, particularly in the context of home ownership. Filby argues that young professionals today are more likely to secure a house not through their salaries but with financial assistance from their parents, reshaping traditional notions of economic independence and success. This trend prompts a reevaluation of workplace loyalty, where employees may feel more indebted to their familial support than to employers, complicating employer-employee relationships.

Filby's observations are particularly pertinent in today’s precarious economic climate, where high property prices and stagnant wages have made home ownership increasingly unattainable without external financial support. This dependence fosters a new form of economic structure, where the legacy of previous generations holds significant sway over the ability of younger generations to thrive financially. As baby boomers’ wealth continues to influence current economic systems, discussions around equity and wealth distribution become vital.

This shift not only affects individual financial trajectories but also has broader implications for society at large, including debates over inheritance laws, taxation, and social equity. The book's rhetoric urges readers to scrutinize the existing financial frameworks that maintain inequality, and calls for a dialogue on how to create a more equitable future where success is not solely predicated on familial wealth, but accessible to all regardless of their background.