Not sure if there are any surprises or changes to the world order here. It was ever thus, that more educated and affluent parents can give their kids better life choices and opportunities, that ‘the children of university-educated home owning parents receive around six times more in wealth transfers during their 20s and early 30s than the children of renters; and so the status quo self-perpetuates. What did change in the second half of the last century were our expectations. My grandparents didn’t get their first mortgage until they were 60, and, like 80% of then pre-1960 population, were renters for most of their lives. Getting on the property ladder then became a rite of passage, accelerated by Maggie, and that, I think, is changing. For better or worse, the ‘mortgage millstone’ is being acquired later and renting after 30 will, hopefully, lose its stigma.
This was a new concept for me, too. Your ‘digital legacy’ is your online life and, like it or not, we all have one and those who don’t are becoming rare beasts indeed.