The ‘sandwich generation’ is strained: How to save for retirement while caring for kids and aging parents
Caring.com compiled tips from the Family Caregiver Alliance and other organizations to help you save while caring for many generations under one roof.
The ‘sandwich generation’ is strained: How to save for retirement while caring for kids and aging parents
50 hours. That’s the amount of time America’s “sandwich generation” spends caring for both children and aging parents every week, according to a New York Life Wealth survey. These caretakers of multigenerational households are struggling under the financial and emotional burden of their responsibilities—especially when it comes to saving for the future.
Caring.com analyzed resources from the IRS, Family Caregiver Alliance, National Council on Aging, AARP, and other organizations supporting aging Americans to compile a list of ways to save money for retirement while caring for multiple generations under one roof.
The “sandwich generation” is a …