The Sandwich Generation

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

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

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

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 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

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

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

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

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

Caregivers may become physically, mentally and emotionally exhausted

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

The aging parents are taken care of

The financial burden on the young adult children if far less

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