Sandwich Generation - Parenting Kids and Parents
The so-called Sandwich Generation is caught between a rock and a hard place. Comprising people in their 40s and 50s, the Sandwich Generation find themselves responsible for both their elderly parents and their children. Unfortunately, this occurs during yet another challenging economic period. Many members of the Sandwich Generation can't support themselves in the current economy, where full-time jobs with benefits are hard to come by. Some in the Sandwich Generation also still have minor children for which they're responsible. Many of the minor children also include college age children, which is another financial strain. At 47%, almost half of those from 40 to 59 in the United States are facing the challenge of supporting two other generations besides themselves. Out of that age group, just about three-quarters are providing at least some support to their adult children. What's more, this generation has already weathered several financial setbacks. Many in the Sandwich...