Friday, February 01, 2013

In The Sandwich

Millions of Americans are in The Sandwich, which means they are caring for aging parents and dependent children. Forty-two percent of Generation Xers and 33 percent of Boomers are members of the Sandwich Generation, according to a Pew Research Center study. The Sandwich Generation is defined as adults with parents aged 65 or older and children under age 18 or adult children who require financial support.

The higher your income, the more likely you are to be in The Sandwich. Among people in households with incomes of $100,000 or more, 43 percent have elderly parents and dependent children. This compares with 25 percent of those in households with incomes between $30,000 and $100,000, and just 17 percent of those with household incomes below $30,000.

Source: Pew Research Center, The Sandwich Generation

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