Let's say you're nearing retirement, or you're already retired. You have an aging parent who now requires costly care, and you also have an adult child who lives with you or still needs your help to pay for college or an apartment. Are you feeling a financial or emotional squeeze? If so, you're in what's called the sandwich generation--a trend that threatens to undermine the retirement plans of many boomers and seniors.
But don't despair. If you find yourself caretaking your aging parents and adult children, there are ways to cope with or avoid sandwich generation problems.
Photo courtesy of A.J. Smith