Sheed was born in London to Francis "Frank" Sheed and Mary "Maisie" Ward, prominent Roman Catholic publishers (Sheed & Ward) in the United Kingdom and the United States during the mid-20th century. Wilfrid Sheed spent his childhood in both England and the United States before attending Downside School and Lincoln College, Oxford where he earned BA (1954) and MA (1957) degrees.
Poor Jimmy, AKA James Bannister III. His father who has custody of Jimmy, decided the teenager needed to go to England to boarding school. Jimmy was not happy with this decision, but it was not his to make. After a year in England he returned for a short summer in America. He wished to return to England. He stayed with his father while in America, but wondered about his mother but it was impossible to live with her. He was eager to return to boarding school in England. Was that where he belonged? Did he belong anywhere? Poor Jimmy.