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Sandwich Generation

Definition

The Sandwich Generation is a generation of people who care for their aging parents while supporting their own children.

What is the 'Sandwich Generation'

The sandwich generation is 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.

Explaining '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.


Further Reading


Household asset allocation, offspring education, and the sandwich generation
www.aeaweb.org [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …

The sandwich generation: Dependency, proximity, and task assistance needs of parentsThe sandwich generation: Dependency, proximity, and task assistance needs of parents
link.springer.com [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …

Older adults: the “Panini Sandwich” generationOlder adults: the “Panini Sandwich” generation
www.tandfonline.com [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …

Between elderly parents and adult children: a new look at the intergenerational care provided by the 'sandwich generation'Between elderly parents and adult children: a new look at the intergenerational care provided by the 'sandwich generation'
www.cambridge.org [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …

'Sandwich generation': generational transfers towards adult children and elderly parents'Sandwich generation': generational transfers towards adult children and elderly parents
www.tandfonline.com [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …

Contradictions between traditional Chinese values and the actual performance: a study of the caregiving roles of the modern sandwich generation in Hong KongContradictions between traditional Chinese values and the actual performance: a study of the caregiving roles of the modern sandwich generation in Hong Kong
www.jstor.org [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …

The 'sandwich'generation: Adult children of the agingThe 'sandwich'generation: Adult children of the aging
academic.oup.com [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …

The sandwich generation: A review of the literatureThe sandwich generation: A review of the literature
digitalcommons.unf.edu [PDF]
… 5 615 HOUSEHOLD FINANCES AND THE SANDWICH GENERATION Bertaut, Carol C., and Michael Haliassos … “Household Investment Decisions and Offspring Gender: Parental Accounting.” Applied Economics 45 (31 … “Children and House- hold Economic Behavior.” Journal …


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