Sandwich Generation


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Sandwich Generation

The collection of middle-aged individuals who must provide financial support to both their parents and their children. Additionally, many attempt to save for their own retirements. Because these responsibilities are financially draining, members of the sandwich generation are often under a great deal of personal stress.
References in periodicals archive ?
The sandwich generation are being squeezed by pressures from all sides.
And at the middle of the barbell, many times, sit the employees in the sandwich generation.
Generation X is the classic sandwich generation, and these pressures certainly have a financial element, as well as a social one.
12) They are the sandwich generation that likes being in the center of it all.
Mitch Freedman, Michael Eisenberg and Gina Chironis give their advice regarding how members of sandwich generation can cope with I he financial responsibilities they have to their children and their parents in the Oct.
According to the survey, millennials incur credit when going on vacation (32 percent), getting married (29 percent) or caring for an ageing parent (27 percent) while the so called Sandwich Generation demographic tend to use credit for buying a car (59 percent), home renovations (47 percent) and going to college (74 percent).
When you think of the sandwich generation it is the son or daughter who is probably in their 50s and their kids are in college and their parents are starting to decline.
With parents living longer and children leaving the nest later, Boomers and X'ers are being pulled in two distinct directions facing time and resource constraints--hence, the term Sandwich Generation.
Women who are part of the sandwich generation need to protect their finances, so they can continue to provide care and assistance to their children and parents.
Led by the National Partnership for Women & Families, it has formed a broad-based consumer coalition that is working hard to make sure the ACA addresses the needs of the Sandwich Generation and other family caregivers.
Women who have children later in life may well have established their careers, but they also face the risk of becoming the sandwich generation - looking after ageing parents or other relatives while also bringing up children," the paper quoted Les Mayhew, professor of statistics at Cass business school, part of City University London, as saying.
They are a sandwich generation that likes being in the center of it all.