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Anyone under 40 is caught in the Inheritance Economy; where opportunity is defined not by what you learn or earn, but by what you inherit. Family wealth is keeping families together but widening social equality in the process and this is only going to intensify. Today's millennials are at the epicentre of a great wealth transfer. Over the next three decades roughly GBP5.5 trillion of family money and assets will be passed down the generations, altering the financial and social dynamics of the country. Forget the generation gap; the real fault line within generations is now between those who can rely on family financial support, and those that can't. How is this extraordinary movement of familial wealth shaping the lives of those who give, and those who hope to receive? How will this slow-motion financial revolution shape the lives of those who won't benefit from it? The inheritance economy is a story of winners and losers, but it's also a story of huge social change, economic realignment and political controversy. Centred on families' stories that illustrate the economic dilemma in Britain, taking in interviews with leading historians, economists, sociologists and politicians along the way, Inheritance Trap is a fresh and compelling exploration of our recent past and a future that will be shaped - for better or worse - by the largest transference of wealth in human history. A timely and important survey of a burning issue of our time. Forget intergenerational unfairness, we're already living in something more pervasive; an inheritance economy which is restricting opportunity, forcing families together and pulling society apart.
Generation Shift is an edited collection of essays written mainly between 2020 and 2023, most of which were published either in national newspapers or online. The collection starts when the pandemic hit and the consequences of that huge disruption were just beginning to be felt in our workplaces, homes and communities, but it stretches beyond that crisis and encompasses more recent changes and debates about how we are all changing as workers, consumers and individuals. The pandemic accelerated and intensified many trends that were already underway, and as I conducted a series of lockdown interviews with various professions, from Uber drivers to wedding planners and from investment managers to accountants, one thing stood out above all; the extent to which many people valued having greater autonomy over their time. That shift is one of the most profound legacies of the Covid crisis. But this is not a book about the pandemic; instead it shows the evolution of my work during a tumultuous period, and shines a light on the disruption, progress and tension that affects us all as the different generations evolve. The essays look at social, political and economic change in the twenty-first century, through the prism of age and generational dynamics.
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