Are you a member of the sandwich generation? This generation of people, typically between 40 and 60 years old, find themselves sandwiched between providing financial support for grown up children and ageing parents. There’s an estimated 2.4 million people in the UK who can identify with this situation. When combined with their own financial obligations, being sandwiched between two other generations in need of time or financial support can result in a big squeeze.
Sandwich generation finances spread too thinly
This 574 word blog post looks at new research from insurer LV= which highlights a feeling of financial strain for members of this sandwich generation, and the importance of seeking professional financial advice to avoid delaying retirement. Written on 21st September 2018.