The Making of the Senior Sandwich

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Janice I. Farkas Wassel, Director (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: Financial stability is important at all stages of life, but for older adults who may have fewer earnings options, it’s essential. While retirement planning and saving should begin early, young families frequently postpone it for other household consumption needs. They decide to wait to save for retirement until middle age when they will be closer to retiring and assume family obligations will decrease. However, recent trends show that the family’s changing age structure is directly influencing the timing of and saving for retirement. There has been a relatively new phenomenon of older adults in their late 50s, 60s, and even 70s with aging parents who continue to have obligations to their own children—the Senior Sandwich.

Additional Information

Publication
Aging Well. Winter. Vol. 1, No. 1, 12-13
Language: English
Date: 2007
Keywords
financial stability, retirement, social changes, family obligations, older adults, senior sandwich