The sandwich generation is feeling squeezed are you stressed out by growing financial responsibilities youre not alone more than half of us between the ages of 45 64 are caring for children aging parents or both this all according to a new study by bmo nesbitt burns . The sandwich generation caught in the middle todays sandwich generation is squeezed between grown kids who cant find work and elderly parents who need care helping your parents is . The best way to cope with financial obligations facing the sandwich generation whether a current priority or a future possibility is for everyone to have a financial plan aging parents children and those stuck in the middle open and honest communication is the key to navigating the challenges of the sandwich generation. An increasing number of young adults are part of the sandwich generation meaning theyre caring for both a parent and a child and often more than one of each while its more common for those in middle age to face this predicament more and more twenty somethings are part of this squeezed and stressed demographic. To support credit canadas credit education week which runs november 14 to 18 visa has provided the following advice for members of the sandwich generation who are feeling financially squeezed top 10 tips for the sandwich generation claim the caregiver tax credit if your parents live with you and are over 65
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