Sandwich Generation

AAA

DEFINITION of 'Sandwich Generation'

The generation of middle-aged individuals who are pressured to support both aging parents and growing children. The sandwich generation is named so because they are effectively "sandwiched" between the obligation to care for their aging parents - who may be ill, unable to perform various tasks or in need of financial support - and children, who require financial, physical and emotional support. The trends of increasing lifespans and having children at an older age have contributed to the sandwich generation phenomenon.

INVESTOPEDIA EXPLAINS 'Sandwich Generation'

A 2005 Pew Center study estimated that one in eight Americans between the ages of 40 and 60 are simultaneously providing some financial assistance to both a child and a parent. The obligations placed on the sandwich generation demand considerable time and money. With the added pressures of managing one's own career and personal issues, as well as the need to contribute to one's own retirement, the individuals of the sandwich generation are under significant stress. In some cases, these baby boomers are having to postpone their own retirements because of the added financial obligations. Also, some members of the sandwich generation are further overextended by caring for their grandchildren.

RELATED TERMS
  1. Baby Boomer

    A person who was born between 1946 and 1964. The baby boomer ...
  2. Dual Income, No Kids - DINKS

    A household in which there are two incomes and no children (either ...
  3. Boomernomics

    An investing strategy that involves buying equities directly ...
  4. Dually Employed With Kids - DEWKS

    A household in which there are children and both partners earn ...
  5. Boomerang

    An American slang term that refers to an adult who has moved ...
  6. Yupcap

    A slang term for a young urban professional who cannot afford ...
Related Articles
  1. The Seasons Of An Investor's Life
    Investing Basics

    The Seasons Of An Investor's Life

  2. Investing In Your Child's Education
    Insurance

    Investing In Your Child's Education

  3. Retirement Savings Tips For 35- To 44-Year-Olds
    Options & Futures

    Retirement Savings Tips For 35- To 44-Year-Olds

  4. Take Advantage Of Employer-Sponsored ...
    Insurance

    Take Advantage Of Employer-Sponsored ...

comments powered by Disqus
Hot Definitions
  1. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center