"It's incredibly stressful," he told Business Insider, adding that money was always a back-of-mind worry, despite being relatively financially stable. "I just pray we don't go into another one of these periods where my mother's in the hospital."
The burden is extraordinary. Gen Xers are sandwiched between their retiring parents and still-dependent children; this dilemma has put them further behind in saving for retirement compared to other groups.
A 2020 study from AARP and the National Alliance for Caregiving found that among Gen Xers who are taking care of a parent, around 50% also have a child under the age of 18.
Among Gen Xers financially supporting either their parents or their kids, 56% are taking on these dual roles, affecting their ability to save for retirement.
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