The Sandwich Generation:
Between a rock and a
by Glenn Cunningham
For a great many of us retirement planning can be interrupted by unforeseen challenges. The term “Sandwich Generation” has been used to describe a relatively new demographic.
It defines a growing segment of our population who, aside from raising and caring for their
own children now have the added responsibility of being a caregiver for an elderly parent.
Ages for this demographic typically range from 40 to 60 years of age and encompasses
members of both the baby boomers and generation X.
The decision to assist loved ones as they age is not an easy one. Caregivers are suddenly saddled with new financial responsibilities, not to mention the obvious stress and
emotional demands, placed on them by their new role. Circumstances vary for caregivers.
Some individuals provide direct care for an elderly parent in their own homes while others
travel considerable distances to help and assist their loved ones. Irrespective of their situation the outcome remains the same. Their job description has changed. Add to the mix
the pressures of a making a living and raising children; becoming a caregiver to an elder
creates a decidedly full plate.