Getting to know the sandwich generation: Part one
The sandwich generation are those pressed between the complex financial demands of both their children and their aging parents. To help understand and inform on the unique challenges of this demographic, we’ve created a three-part series. Part one is a high-level introduction to the sandwich generation and some quick tips for optimizing finances.
Currently made up of Gen Xers and Baby Boomers (together generally covering the late 30s – early 60s), the sandwich generation is made up of those who typically have debt of their own, yet must balance it with the financial support they provide to family members. The sandwich generation is encountering issues with saving while also paying down a range of costs and debts. The key to solving some of the financial strain is understanding the generation’s unique difficulties and developing strategies to counter them, as outlined in this infographic.
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