The Sandwich Generation in Retirement: How to Balance Care for Parents and Adult Children

The Sandwich Generation in Retirement: How to Balance Care for Parents and Adult Children
The journey of the Sandwich Generation may be tough at times, but it presents unique opportunities for personal development and stronger family bonds. Shutterstock
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A good friend of mine is in her 50s and getting closer to retirement. She and her husband hope to live a life more filled with leisure and self-discovery, but economic realities have created new caregiving responsibilities that often make leisure sound like a fantasy. My friend is part of the “Sandwich Generation.” She’s not only taking care of her mother-in-law, but her son who just graduated from college is living there as well.

People like these are caught in a whirlwind of supporting adult children while tending to aging parents. This demographic faces a perfect storm of economic change, longer lifespans, and shifting family dynamics. This can be a minefield of emotional and financial challenges for retirees everywhere, demanding our attention and innovative solutions.

The Growing Trend of the Sandwich Generation

It looks like the Sandwich Generation is growing. Pew Research Center found in a survey that nearly a quarter (23 percent) of U.S. adults support an elderly parent and a child simultaneously. This is a big enough trend to have a significant effect on family life and retirement.