17 Oct 2019
The sandwich generation refers to middle-aged individuals who are pressured to support both aging parents and growing children. – Investopedia
Being part of the so-called ‘Sandwich Generation’ has many challenges in this modern age. The biggest of which is the financial strain this generation has to endure. Supporting children long into their adult years and caring for parents, leaves very little disposable income for things such as retirement savings and investments.
What caused the Sandwich Generation?
With this huge financial burden, how can you ever save enough to look after yourselves at retirement? If you are at the younger end of the sandwich generation (closer to 40 than 60), then there is still time to salvage the situation.
Speak to your adviser about helping you analyse your budget, and also suggest the best savings options for you according to your financial circumstances. You don’t want to end up financially dependent on your children when you retire and put them in the sandwich generation situation as well.
Possible tips and solutions
Speak to your deVere Acuma adviser about possible solutions to boost your retirement nest egg. [email protected]
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere Acuma adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.