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The conversation explores the implications of the massive wealth transfer from baby boomers to millennials in Canada, discussing the potential for economic inequality, the concept of "invisible inheritances", and the changing dynamics of the middle class. It highlights the challenges faced by younger generations in accessing wealth and opportunities, and the resulting shifts in political views and social contracts. Chapters 00:00 Introduction 01:20 The inheritance lottery 02:05 Is this the largest redistribution of wealth in history? 05:57 Will this lead to a two-tier society? 06:28 Sabrina gives the Millennial perspective 07:52 Is a middle-class lifestyle something you can only inherit? 10:30 The impact on the social contract 16:10 Inheritance that comes too late to help 15:07 Political Implications of Wealth Disparity 18:11 The Future of Inheritance and Economic Mobility Links: Boomers’ Inheritance Plans Up in the ‘Heir’ https://www.ipsos.com/en-ca/boomers-i... The next wave of trickle-down wealth is upon us https://www.cpacanada.ca/news/pivot-m... Younger Canadians Relying On "Great Wealth Transfer" To Achieve Financial Goals But Expectations May Not Match Reality: Vanguard Study https://www.newswire.ca/news-releases... Hosts: Mike Moffatt / mikepmoffatt & @mikepmoffatt.bsky.social Sabrina Maddeaux https://x.com/SabrinaMaddeaux Producers: Meredith Martin / meredithmartin & @meredithmartin.bsky.social & Cara Stern / carastern & @carastern.bsky.social This podcast is funded by the Neptis Foundation https://neptis.org/