- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
Summary
The “Bank of Mum and Dad” drives modern inequality, fostering an “inheritocracy” where family wealth shapes opportunities over individual merit. This safety net often undermines social mobility, tying success to inheritance rather than personal effort.
Rising housing costs, wage stagnation, and unequal inheritance have entrenched this dynamic, with parental support shaping life milestones like homeownership, career paths, and education.
While early inheritances advantage some, the burden of social care costs threatens others’ expectations.
This growing reliance on family wealth exacerbates inequality within and across generations, highlighting the need for a broader societal conversation about privilege and fairness.
And the hell of it is, the government can force you to. They have full authority to garnish your wages and give it to your parents, even if you don’t want to support them.
What in the hell? Where on earth is that legal?
Not the USA, but several countries including China make elderly care the legal responsibility of their children.
Nope, USA does it too.
Filial responsibility laws. There are some ways to get around them, but it requires having good parents that care about your future and a good elder law attorney.