In the month-long research, which focused on the Sandwich Generation
phenomenon in Singapore, 94% of parents (aged 35-55 years old) surveyed revealed that they were currently pressured between having to financially support their growing children and their ageing parents.
According to the survey, almost a third of the members of the sandwich generation
have less than $25,000 saved for retirement, and only 15 percent have more than $500,000 saved.
Not only that, an individual in the sandwich generation
is often in the prime earning stage of his or her career: he or she may be self-employed with additional financial responsibilities related to their business while others are in an occupation -- such as medical, law or a financial services profession -- where income protection is critical.
The conference theme this year was "Midor L'Dor: Embracing the Challenges of the Sandwich Generation
" and the program proved inspirational, informative and highly meaningful to the scores of Rebbetzins who attended.
And many people in the middle sandwich generation
also feel under pressure to pass any inheritance they receive straight on to their own young adult children - the millennial generation - the research found.
The sandwich generation
are people who care for aging parents while supporting their own children.
Gen X is often called the "sandwich generation
" for two reasons.
12) They are the sandwich generation
that likes being in the center of it all.
The challenge of being in a 'sandwich generation
' can really be related to by many of us.
"I don't think talking about family finances, childcare, the 'sandwich generation
', youth mental health, child protection and online and women and children as victims of crime is a low blow.
Many nurses who are considered Baby Boomers are a part of what is now called the "Sandwich Generation
." This term was coined by Dorothy Miller in 1981 and was expanded upon by Carol Abaya (1995).