The “Sandwich Generation” — folks who have to juggle the needs of retired parents on one side and children on the other. Does this term describe you?
Why is the Sandwich Generation So Stressed?
Financial pressure from two generations
The cost of your parents’ healthcare and living expenses and your children’s school fees, tuition, and after-school activities can add up to astronomical amounts.
While the Department of Statistics has reported an increase in dual-income couples — from 47% in 2010 to 52% in 2020 — about two-thirds of parents still believe they do not have enough and they may outlive their savings.
Poor work-life balance...