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Sandwiched in: Focusing on Finances While Supporting Family

Whether it’s stories about the “skills gap” being created as Baby Boomers retire or criticism of the expensive coffee habits of Millennials, generations crowd the headlines. No matter what generation your birthdate puts you in, you might find yourself living in the middle of another one – the sandwich generation. The Sandwich Generation Descriptions of the sandwich generation have evolved since social worker Dorothy Miller, first wrote about these caregivers more than 35 years ago. This is due to longer life expectancies, people having children later in life and the increased needs of some dependent children. If you are caring for aging parents while raising or supporting your own children, you know how being sandwiched in feels. While family bonds may be strengthened, the stress associated with caring for multiple generations can take a toll on your health and wealth. Carving out time to focus on your physical and emotional…