The sandwich generation refers to middle-aged individuals who are pressured to support both aging parents and growing children. The sandwich generation is named so because they are effectively "sandwiched" between the obligation to care for their aging parents––who may be ill, unable to perform various tasks, or in need of financial support––and children, who require financial, physical, and emotional support. The trends of increasing lifespans and having children at an older age have contributed to the sandwich generation phenomenon, as has more societal acceptance for adult children to live at home or return home as with boomerang kids.
Original Article Source Credits: Investopedia, https://www.investopedia.com
Article Written By: WILL KENTON
Original Article Posted on : Aug 26, 2019
Link to Original Article:https://www.investopedia.com/terms/s/sandwichgeneration.asp