Caring for kids, parents, sandwich generation savers pressed for time

Cheryl Sherrard quoted in CNBC article about why Sandwich Generation savers are in a pickle – by Deborah Nason. Members of the so-called sandwich generation, Tiffany and Andre Trent, ages 40 and 43, were afraid they would have to choose between taking care of their elderly parents and adopting a child. People in such a sandwiched situation are simultaneously caring for a minor, or grown, child as well as for a parent age 65 or older. Around 42 percent of Gen Xers and 33 percent of baby boomers fit this profile, according to a2013 Pew Research report. It had taken 15 years for the Trents, of Blacksburg, Virginia, to recover financially from cutting short their overseas careers to care for Tiffany’s gravely ill father. Childless, they had also been saving up for years to do an overseas adoption. Then Andre’s parents became ill. “We had a big moment of pause,” Tiffany Trent said. “My in-laws have no savings, and my mother in Wisconsin is not well. We will probably have to take care of them, so should we take on Read on! →