New research from the Australian Institute of Family Studies (AIFS) released on Wednesday shows that intergenerational financial support — flowing from older, wealthy family members to younger ones — is increasingly driving inequality.
New research from the Australian Institute of Family Studies (AIFS) released on Wednesday shows that intergenerational financial support — flowing from older, wealthy family members to younger ones — is increasingly driving inequality.
Agreed, there’s a great deal of distance between this and that, and realistically it seems unlikely that it would ever be possible. But it sure is nice to imagine, no need or desire to accumulate more than you need in one lifetime, and nobody starting 10 steps ahead or behind.