this post was submitted on 17 Nov 2024
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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.

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[–] Seleni@lemmy.world 1 points 2 hours ago (1 children)

Just because you haven’t heard of it doesn’t mean it doesn’t exist, or doesn’t happen. Another poster already linked the Wikipedia article, but they’re called Filial Responsibility Laws. The states that have them are:

Alaska Arkansas California Connecticut Delaware Georgia Indiana Kentucky Louisiana Massachusetts Mississippi Nevada New Jersey North Carolina North Dakota Ohio Oregon Pennsylvania Puerto Rico Rhode Island South Dakota Tennessee Utah Vermont Virginia West Virginia

Iowa used to but they got rid off them in 2015.

[–] QualifiedKitten@lemmy.world 1 points 1 hour ago

Any clue how those laws work if parent and child live in different states?