How Do You Avoid Sandwich Generation Problems?
An increasing number of people in their fifties and sixties are finding themselves caught in the “sandwich generation,” a financial and emotional squeeze. If you are struggling to cope simultaneously with the costs of caring for aging parents while you help your children pay for college or launch careers–while funding your own retirement–you’re in the sandwich generation. Sandwich Generation: A New Trend The demographic trends that combine to create this new sandwich generation are relatively new. Until recently, the need to at least partially support both aging parents and adult children simply didn’t exist, and most people in their fifties and sixties weren’t part of a sandwich generation. The sandwich generation was caused in part because lifespans today are much longer than in years past, and an increasing number of retirees or near-retirees have aging parents who require costly nursing home or in-home care. At the same time, many of these same people have children who are still
