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Financial Strategies for the Sandwich Generation

MoneyTips

A growing variety of American couples are feeling the monetary squeeze from all sides– their kids, their moms and dads and each other. They have been called the “sandwich generation” due to the fact that they deal with a vast array of various type of financial pressures from both the prior and next generation.

For starters, there’s the pressure many couples deal with simply to pay the bills each month. Numerous families are still struggling to get back to their former levels of income before the Great Recession happened– especially those who were hit hard by task losses and may not have been able to land another job that pays as much as they used to earn.

Beyond simply paying the bills, there’s the requirement to stash away some money each month for retirement. Unfortunately, it appears that lots of Americans are doing a very bad task of this. Research study conducted by Fidelity Investments suggests that over half of all Americans have actually conserved less than $25,000 for retirement, and a quarter have saved l.

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