"Overall, about one-third of Americans in this age group reported experiencing significant emotional, physical and financial strain. The burden differs by gender: men reported greater financial pressure, while women were more likely to bear the emotional and physical toll of caregiving. The emotional and financial strain of caring for parents and children at the same time is realand growing, Kristen Sieffert, FoA president, said in a statement. Macroeconomic pressures such as inflation have placed increased pressure on sandwich caregivers during their peak earning years."
"The survey also found that 29% of respondents expect their parents to move in with them as they age, the same share who said their parents have asked for financial help. About 21% of Americans ages 40 to 60 said they delayed major life eventssuch as marriage or homeownershipbecause of parental caregiving, rising to 45% among those who identify as sandwiched."
"More than half (57%) of sandwich caregivers said they have had to choose between their career and caring for their parents, more than double the 26% reported among adults overall. Amid that strain, there are steps caregivers can take to alleviate stress and set a path forward, Sieffert said. Our survey shows that honest conversations about family finances can make a meaningful difference."
About one-third of Americans ages 40 to 60 reported significant emotional, physical, and financial strain from simultaneously caring for aging parents and children. Men reported greater financial pressure, while women more often bore the emotional and physical toll. Macroeconomic pressures such as inflation increased strain during peak earning years. Twenty-nine percent expect parents to move in, and the same share said parents have asked for financial help. Twenty-one percent delayed major life events because of parental caregiving, rising to 45% among sandwiched caregivers. Fifty-seven percent of sandwiched caregivers had to choose between career and caring responsibilities. Honest family financial conversations can reduce stress.
Read at www.housingwire.com
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