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167 Past Due – Where Does The Sandwich Generation Get Money For Bread?

by Derek Sisterhen on August 5, 2011

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Past Due: Radio 167 – Where Does The Sandwich Generation Get Money For Bread?

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My friend Bob is feeling the pain of being caught in the middle of a sandwich. This isn’t some weird food fetish; he’s actually dealing with helping his parents financially while trying to raise his own kids. And Bob is not alone. There is a whole segment of our society feeling the squeeze, called the “Sandwich Generation.”

Bob asked, “When trying to support parents and take care of your own family, where does the money come from?”

It’s a relevant question – over 1 in 8 Americans between the ages of 40 and 60 are sandwiched – but we didn’t want to just talk about getting more money for the problem. We had to understand the cause of the problem, too.

Today we discussed:

1) The primary cause of the Sandwich Generation, and how one generation’s lack of financial preparedness can become a problem for each future generation in a family tree.

2) How to deal with being sandwiched in your own family, and the kind of honest conversations that the “meat” needs to have with both “buns”.

3) How we can toss the Sandwich Generation effect from our society and, surprisingly, which generation in a family tree will be responsible for stopping the madness.

The good news for Bob, and the rest of us for that matter, is that the Sandwich Generation doesn’t have to last forever. Defining boundaries between family members is a critical component to maintaining healthy relationships and securing your financial future.

If you have a specific question, I’d be happy to answer it and further cultivate the wisdom of the Past Due Radio masses. The experiences of our listener base provide plenty of insight we all can learn from; don’t hesitate to ask – I’m happy to help!

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