Small Change

Free from 'sandwich generation' trap

Proper financial, retirement planning will help one support growing kids and ageing parents

An overwhelming number of parents say they are under pressure from having to financially support their growing children as well as their ageing parents.

A survey noted that a striking 94 per cent of mums and dads aged between 35 and 55 admit that they are "sandwiched" from providing for both generations or feeling that they have to.

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A version of this article appeared in the print edition of The Sunday Times on October 06, 2019, with the headline 'Free from 'sandwich generation' trap '. Print Edition | Subscribe