By Jennifer McCarthy, Paulina Mejia, Leticia Hernandez, Wealth Management
The coronavirus pandemic poses risks and concerns for the oldest Americans. It also has put strains on the youngest, leaving the generations in the middle facing the increasing pressure of having to take care of both.
If your client is a member of the “sandwich generation,” they’re not alone. Nearly half of adults in their 40s and 50s are caring for a parent who is 65 or older while also raising or supporting children. The stress of serving as a caregiver to multiple generations can weigh heavily on emotional and financial well-being, even without the additional complications that come with COVID-19, such as caring for school-age children who are learning from home, much less planning for anyone’s future on the other side of the pandemic.