Episode 43:The Emotional and Financial Burdens of “The Sandwich Generation”
Sep 29, 2023
The Sandwich Generation is not a specific demographic group. Rather, it represents people who are simultaneously caring for aging loved ones and raising their own children. Estimates suggest 2.5 million Americans fit into this predicament. But with the continuing graying of American, the Sandwich Generation will likely grow much larger.
Here are just a handful of the things that we'll discuss:
- 31 percent of those identifying as part of the Sandwich Generation bear complete financial responsibility for their parents or in-laws.
- A MassMutual study confirms the emotional and financial stress such dual roles place on families.
- Creating a financial plan can alleviate such burdens and still allow for retirement saving.