Did you know that July is National Sandwich Generation Month? Do you know what this is? The sandwich generation is made up of anyone who cares for their children (adult or young) while simultaneously caring for parents over 65. It’s certainly no easy situation to be in, made even tougher by the current economy.
While the sandwich generation is a relatively new phenomenon, the difficulty of saving for retirement in a job-hopping career force (plus an increase in student loan debt for many) means this could quickly become the new normal. That’s just one reason why it’s so important to spread awareness! We can start now to help those currently struggling with this and prepare for the future. Read on for more information on the specific struggles of this generation, what can be done to help, and how to prepare for the future.
The Sandwich Generation: Caught in the Middle (Kiplinger)
You can mitigate the challenges of your generation with help and preparation. Here is a useful resource to get started.
Don’t Skimp On Your Health (Afford Anything)
While taking care of others, don’t let your own needs fall to the wayside. Here’s why it’s so important to focus on your own health.
Elderly Scams and How to Avoid Them (The Dime)
Share this article with your elderly parents so they don’t fall victim to scams. That way you can help them and their finances remain secure.
3 Common Retirement Pitfalls and How to Avoid Them (MoneyNing)
Make sure you’re approaching a retirement of rest and relaxation and not financial stress with this important advice!
Are You Prepared For The Costs That Come With Longevity? (Bargaineering)
Retirement costs can go up as longevity improves. Here’s how you can make sure you’re financially prepared for your own retirement.
The Good Life: Saving for Your Dreams (ABC News)
Don’t forget to prioritize your own retirement even when caring for others. Follow these steps to prepare for a solid retirement ahead.
…and our recent guest posts!
Credit.com — 5 Ways to Have Fun for Free This Summer
Credit Karma — How to Tackle Debt When You Have both Student Loans and Credit Cards
Girls Just Wanna Have Funds — The 4 Lessons I Learned While Paying Off My Credit Card
Military.com — Financial Resources and Help for Veterans
Image Credit for 2nd Image: dermatology.com