TITLE

The Sandwich Generation Is Getting Old…

PUB. DATE
May 2007
SOURCE
Journal of Financial Planning;May2007, Vol. 20 Issue 5, p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses a survey by Putnam Investments of Americans 45 years old and older, also known as the "Sandwich Generation." The survey reveals that one-fifth of these individuals provide financial support to their parents, with nearly half providing financial support of $2,500 annually. In addition, one-fourth of adults over 45 pay rent or provide housing for their adult children, with nearly half claiming that they will have to work after they have retired and a fourth saying that they will delay retirement to make up for this situation.
ACCESSION #
24957324

 

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