More “Sandwich” Boomers Aiding Adult Kids
Last week, a study by the Urban Institute offered new details about how the Great Recession has torpedoed younger workers’ efforts to start their careers and build their savings. But as Encore contributor Glenn Ruffenach reminds us this week in the Wall Street Journal, when younger adults take an economic hit, their boomer-age parents often share the pain. Ruffenach breaks out details from a recent survey by the Pew Research Center that covers the “sandwich generation,” which Pew defines as people who have both a child (of any age) that they’re supporting and a living parent age 65 or older….
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