According to the Pew Research Center, 1 in 7 middle-aged adults (15%) is providing financial support to both an aging parent and a child. Why are so many feeling this financial squeeze? People are living longer. They are having children later.
Meanwhile, many young adults are finding it too expensive to live on their own. Hence, the “boomerang kids” phenomenon. Add in rising health care expenses for older Americans, and you have the makings of today’s sandwich generation.
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