The “Sandwich Generation,” caught between the dual demands of caring for aging parents and supporting their own children, finds itself navigating a complex
,” caught between the dual demands of caring for aging parents and supporting their own children, finds itself navigating a complex web of financial, emotional, and logistical challenges. According to a, approximately one in seven US adults is providing assistance to both children and parents. Despite their vital role, support for this growing demographic remains painfully inadequate.
“Baby Boomers are living longer and dealing with complex medical issues,” observes Asha Tarry, mental health practitioner, life coach, and founder of. “Many of us are raising children later in life exactly at the time when our aging parents also need help.” With financial resources spread thin, saving for retirement often takes a backseat. This scenario is particularly alarming given the uncertainties surrounding social security and pension plans. Many in the Sandwich Generation face the prospect of delayed retirement or a retirement period marked by financial instability.At the heart of the Sandwich Generation’s experience is caregiving, which brings inherent emotional challenges.
Tarry urges employers to help employees stay ahead of these issues by integrating financial planning discussions into annual health insurance meetings. “If financial planning isn’t available in your company, hire a certified financial planner, attorney, wellness coach, or social worker to assist you. Begin these discussions early. Talk to an attorney about your estate plan, and talk to your parents to Make sure their plan is up-to-date and easy to locate.
The emotional weight borne by members of the Sandwich Generation is another area where support is glaringly deficient. Counseling and support groups specifically targeted toward the Sandwich Generation are not widespread, leading many to navigate these waters without professional support.
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