A new survey shines a spotlight on the distinct challenges faced by members of the Sandwich Generation, who find themselves financially supporting both their children and older extended family members – and seeing their retirement savings suffer in the process.
Athene, a retirement services and annuity provider, surveyed Americans ages 40 to 59 who financially support and have an adult child or children over 18 and parents or extended family members living in the home. Forty-seven percent of respondents in the survey said they were putting off retirement to provide financial support to aging family members of adult children.
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