When You're Supporting Grown Children And Aging Parents, Don't Forget To Take Care Of Yourself
Tightly situated between children who are struggling to gain their independence and parents who are losing their own independence, Sandwichers face countless struggles. While the monetary difficulties may be the most obvious, there are other factors involved with feeling pulled and prodded by those nearest and dearest.
For a variety of reasons, adult children often lean on their parents for financial support, particularly when they are first on their own; unfortunately, often due to the lack of experience, the financial support requested is unanticipated and the probability of repayment is unpredictable. For the older generation, deteriorating health and waning funds can lead to parents looking to their grown children for support.
According to Pew Research Center's most recent generational data, over 45 percent of American adults between 40 and 60 have a parent who is over 65 years old and are supporting a child simultaneously. The research found that 15 percent of respondents were providing monetary support for both their parents and their children.
While inter-generational support has been prominent throughout history, once multi-generational homes became less common in America, it became temporarily less commonplace for the middle generation to take care of both their children and their parents at the same time. That is, until recently, due in part to the economic climate, aging generation and concerns over government assistance into retirement. The same research demonstrated that while providing financial support for parents has remained essentially unchanged, more parents are giving monetary support for their children.
The True Cost Of Supporting Family
"Presumably life in the sandwich generation could be a bit stressful. Having an aging parent while still raising or supporting one's own children presents certain challenges not faced by other adults – caregiving and financial and emotional support to name just a few," according to Pew Research.
Providing emotional support is often overshadowed by the financial strains. Just as how many mental issues are shrugged off, not understood or discredited, emotional burdens are vaguely mentioned by the media, but rarely explored in depth. If you find yourself feeling emotionally drained because you are trying to support your parents, children and yourself, it is important to take the emotional strains seriously.
Pew Research explained, "When it comes to grown children, there is a link between financial and emotional support. Among parents who say they are providing primary financial support to their grown child or children, 43 percent say their children frequently rely on them for emotional support and 45 percent say they sometimes do."
A Psychology Today article outlined some of the overlooked emotional concerns Sandwichers face:
If you are among those middle-aged adults facing the difficulties of caring for aging parents and children, it is important to understand the real consequences you may face. While the drain on your pocketbook may be the most obvious concern, the emotional elements are just as legitimate. Give sincere attention to your situation and honestly evaluate how supporting your parents and children affect you.
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