Much has been made in the retirement planning community about the challenges facing the sandwich generation — those Baby Boomers who are caring for both children and parents.
Although it’s difficult to calculate exactly how many Boomers find themselves in this dual caregiving role, some estimates have it at 20 million. The Pew Research Center released a study in 2006 that found one of every eight Boomers are raising a child while also providing financial assistance to a parent. Those numbers have no doubt risen in the past four years.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access