The Invisible Hand
How the Bank of Mom and Dad Actually Works: A New Financial System
13:21
Your parents just became bankers, and they're changing how the entire economy works. Emma Reid breaks down the $240 billion financial system that nobody talks about: the Bank of Mom and Dad. While traditional banks get regulated, this informal institution operates with zero oversight and creates massive wealth gaps. About 60% of young adults now depend on parental funding to afford basic…