Currently, many families both in the United States and abroad are caring for a parent while also caring for immediate family members and the generation beneath them. It’s a natural life cycle. The term sandwich generation has been around for a long time, but comprehending its meaning is more important than ever with science and medical advances keeping us alive longer. This has put more adults with children and aging parents or close friends in the middle of a complicated juggling act.
Longevity is a blessing that exacerbates and intensifies the need to plan for extended or long-term care—and we’re not just talking about health-care needs. There are also lifestyle needs. The need to age in a setting that allows for interaction with others to avoid depression or misplaced anger is well documented. Loneliness and isolation can be deadly, literally. There are also financial needs. Worrying about running out of money or being forced to move out of familiar surroundings is stressful. These issues ripple through a family’s financial stability and relationships. From a macroeconomic and cultural viewpoint
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