SAN DIEGO: The “sandwich generation” is a term coined for families squeezed between taking care of an aging parent and raising young children or supporting adult children.
This is becoming all too common with about one-in-seven middle-aged persons taking on financial responsibility for both a parent and a child, according to the Pew Research Center.
If you find yourself “sandwiched,” you may discover that your own retirement is at risk. Here is the fourth step to getting back on track:
4. Take tours and research options: Do we move our parents into assisted living or hire caregivers? Remember there is no right or wrong answer. Facilities have come a long way since their initial creation and establishment. Home health care can be a great option as well, but families should understand that it can be a luxury to stay in one’s home. Home care may initially be cheaper but it can gradually become more expensive than a facility and taxing on family members acting as caregivers.