With the rising costs of health care and erosion of retirement savings from traditional pensions, many American seniors find themselves in a financial bind when they need unexpected medical care and must turn to their family members for emergency assistance. Often, their children have children of their own, and are juggling the rising costs of education and health care within their own household. The financial squeeze felt by these families in the “sandwich generation” who are taking care of both their parents and their children is likely to become more prevalent in the future as the population changes.
· A Growing Number of Americans Are Entering the “Sandwich Generation” and being squeezed between the simultaneous demands of caring for their children and their aging parents.
· Women Are More Likely Than Men To Provide Support To Aging Parents.
· Baby Boomers Retiring With Debt Will Put More Pressure on the “
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