Sandwich Generation worries about how to Afford their own Long-term Care

Sandwich Generation worries about how to Afford their own Long-term Care

A poll by The Associated Press-NORC Center for Public Affairs Research has unveiled that people aged 40 and above, counted as sandwiched age, are considered how they will manage their own care as they get older, as they are taking care of children and aging parents.

As per the poll, nearly 1 in 10 of this age group has been taking care of child as well as providing regular care to an elderly. There is no doubt that double responsibilities can become tricky situation.

Another problem that comes in this age is people in this age group are at the peak of their careers. Therefore, they have to give proper attention at their respective workplaces despite facing any sort of problem in caregiving, said Susan Reinhard, who directs AARP's Public Policy Institute.

They have to hook up to their jobs, as it's not only a financial security for them, but also for their children. The poll also found out about one more issue, which is after 65 years of age, seven in 10 Americans will require long-term care at some point.

However, then also they have not planned for the same. According to the poll, 54% of sandwich generation has done little or no planning at all. Just a third of them have stated of keeping aside money for those needs.

The survey was conducted through telephone from April 7 to May 15 including a random national sample of 1,735 adults age 40 or older.