Personal Finance
How Much Does It Cost To Be The Last Sandwich Generation?
By Seedly  •  October 16, 2019

What Does Sandwich Generation Mean?

The Sandwich Generation is a generation of people, who needs to take care of their ageing parents while supporting the financial needs of their own children.

Like a sandwich, in a literal sense – we are the ham, stuck between taking our parents and children who form the two bread.

Each generation will then have very different needs and expectations:

Generation Needs Parents To retire comfortably
To not worry too much about possible medical expenses
To have enough to spend Self To Achieve desired living standard
To still enjoy life Children Growing up in an environment where there should be no worry about having food on the table
To realise their fullest potential

In fact, a survey done by NTUC Income revealed that 94% of parents (35-55 years old) face the pressure of having to support their children financially and also the need to take

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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