
Wealth concentration among baby boomers and stagnant earnings are driving the rise of the ‘Bank of Mum and Dad’, affecting social mobility.
As baby boomers hold an increasing share of wealth, younger generations are finding it harder to build financial security, often relying on family support for major milestones like homeownership.
In her book Inheritocracy, Eliza Filby argues that – because of this – baby boomers have been good parents but not always great citizens.
To explore the issue, IFS Director Paul Johnson is joined by Eliza and David Sturrock, a Senior Research Economist at the IFS.
Host

Director
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Participants

Senior Research Economist
David’s research covers household wealth, intergenerational transfers, social mobility, pensions taxation, and health and work at older ages.

Podcast details
- DOI
- 10.1920/pd.ifs.2025.0003
- Publisher
- Institute for Fiscal Studies
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