The Sandwich Generation Gets Squeezed

As our population ages, more Americans find themselves in the role of caregiver for their elderly parents – often before they have completely graduated from the parenting role for their own children. A recent issue of Financial Advisor Magazine addresses the question of what trusted financial advisors can do to help their clients with caretaker challenges. Advice includes helping ensure all necessary legal documents are in order – for both the caretakers and their charges; finding financial assistance to hire help; and investigating the role of long term care insurance.

The Sandwich generation is a term used to describe people who care for their aging parents while supporting their own children. According to the Pew Research Center, just over 1 of every 8 Americans aged 40 to 60 is both raising a child and caring for a parent, in addition to between 7 to 10 million adults caring for their aging parents from a long distance.

If you are the one providing daily care for a loved one, you owe it to yourself to seek help; to take care of yourself and your needs, both physically and mentally. You owe it to those you care for to be your most efficient and effective; often that means a little help from the outside. Seek out professional help that will ease your burden. Look for community service organizations that offer respite help. If you don’t know where to start call us. Remember, good planning is no accident.

Idaho Estate Planning

Promote Your Page Too

Tweet