So, what does it mean to be in the Sandwich Generation?
- 63% of the Sandwich Generation is able to save for retirement, compared to the national average of 71%[1]
- Only 1 in 5 GenXers has planned for handling an elder family member's finances[2]
- 32% of GenXers expect to be caring for elderly family members in the next 5-10 years[2]
- GenXers in the Sandwich Generation with a financial plan feel less stressed about finances (24%) than those without a plan (61%)[2]
- Almost 80% of adults aged 50+ would like to stay in their homes and communities as they age[3]
- 22.7% of caregivers spend 20 or more hours per week caring for an elderly family member[4]
- $85,775 is the average annual cost for a semi-private room in a nursing home. The average annual cost for a private room is $97,455.[5]