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 care of their ageing parents....