Eliza Filby: Hard Work Is a Lie, This Is What Rich People Never Tell You

What Now? with Trevor Noah

SiriusXM & Day Zero Productions

News, Comedy, Society & Culture

4.6 • 4.3K Ratings

🗓️ 11 December 2025

⏱️ 118 minutes

🔗️ Recording | iTunes | RSS

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Summary

We were all told the same story. Work hard, get an education, and the world will reward you. Dr. Eliza Filby joins us to explain why that story has quietly collapsed, and why inheritance, family money, and generational wealth now shape your future more than anything you do on your own. This episode breaks down the truth about the great wealth transfer, why millennials feel like they are failing, why men are angrier, why women are more stressed than ever, why Gen Z sees the world more clearly than we did, and why most people’s lives are shaped by money they never earned and stories they never questioned. If you have ever wondered why life feels harder than it was for your parents, this conversation will change the way you see work, success, family, and the future.

Transcript

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0:00.0	Millennials are struggling to make as much money as their baby boomer parents.
0:04.6	They face greater wealth inequality than previous generations.
0:08.0	It's called the Great Wealth Transfer more than $100 trillion expected to go from baby boomers to Gen Xers, Millennials, and Gen Z by 2048.
0:17.0	One of the best things that you can do to save money in 2025 is to live at home with your parents. The only reason that I was able to save my first $100,000 was because I lived at home. You don't pay your rent? I'm like one of those, like, spoiled rent kids that doesn't pay rent. Historian, author, and generational expert, Dr. Eliza Philby. Eliza's writing has been published in The Times, The Guardian and the Financial Times,
0:39.2	and she's recently published her latest book in Heritocracy.
0:42.9	It's time to talk about the bank of mom and dad.
0:50.2	This is What Now with Trevor Noah.
0:55.2	This episode is presented by Whole Foods Market.
0:58.1	Eat well for less.
1:04.8	That's good day.
1:06.1	It's good to me.
1:07.6	I've been having that sense.
1:09.5	What tea is that?
1:10.7	It's a herbal tea. It's I've been having that sense. What tea? Is that? It's a tea.
1:11.9	It's a ginger and lemon. That always feels like medicine to me. No. Those ones actually doesn't have that medicinal taste. Are you sure? Yeah, yeah. Absolutely. It's lemon and ginger. Lemon and ginger to me are medicines. It is medicine. I enjoy them, but they're medicines. Your body just thanks you.
1:27.2	It just thanks you.
1:28.0	Yeah, because it's medicine.
1:29.1	You know, it doesn't thank you when you drink coffee.
1:31.2	No.
1:31.5	Do you just? I enjoy them, but they're medicines. Your body just thanks you. It just thanks you when you drinks. Yeah, because it's medicine. Yeah. It doesn't thank you when you drink coffee. No. Because it's not medicine. No, stimulant. I prefer, so I usually have, if I haven't eaten anything, I'll have the coffee, the macha. I mean the mocha, but if I've eaten like I have now, this does me good.
1:45.4	Because it helps me from feeding.
1:46.2	Sounds your stomach.
	...

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