The Sandwich Generation

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Curriculum Vitae

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Section 3: Market Failures and Externalities

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Public Relations

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Attachment: “An enduring emotional tie that unites the child to the caregiver and has far reaching effects on development” (406). We can form emotional ties with our family, friends, teachers, and Heavenly Father that will enable us to create meaningful relationships and thrive.

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The Sandwich Generation

What are the Benefits for Those Involved?

Keeping their family close helps parents fight 'empty-nest' syndrome

The financial burden on the young adult children if far less

The aging parents are taken care of

What are the Consequences on the Caregiver?

The retirement savings of parents will be less, creating a cycle of dependancy on the next generation

Caregivers may become physically, mentally and emotionally exhausted

What Type of Care and Support do They Provide?

Because their adult children may be busy with school or work, parents may take on the responsibility of doing their child's household chores

Parents may also need to figure out the social lives of their parents in order to keep them mentally healthy

Parents may need to care for the health of their aging parents, such as paying for/ administering medication, feeding them, changing them and doing other household responsibilities that their parents can no longer do

Parents may support their children by helping to cover tuition fees, food, housing and transportation bills

The Shift of Responsibilities between Parent and Child:

Parents may need to care for their parents health if it is deteriorating. Grandparents may move in with their children in order to be taken care of

Parents may need to care for their parents financially if they are unable to work

The shift of responsibilities going from independent to dependent can sometimes be awkward or uncomfortable, as aging grandparents may feel like they are losing control over their lives

What are the Financial Costs?

Home services company 'Porch' did a survey showing that it costs parents approximately $459/ month to provide for their adult children. Per year that is $5,508

The magazine 'Forbes' said that the total cost of paying for older parents healthcare and daily needs is $100,000

Who are the Sandwich Generation?

They are 'sandwiched' between their adult children who need less and less attention and their older parents who need more and more attention

This term is referring to those in middle age, around 45-64 years old