Sometimes we are known as "The Sandwich Generation"
'Today's "Sandwich Generation" has a unique financial burden.
Many families not only have to provide for themselves and
their children, but also for their aging parents as well.'
(quoted New York Life)
The Boomers' Burden
Mellody Hobson, president of Ariel Capital
Management in Chicago, said a lot baby boomers
are supporting their parents and their kids at
the same time. (ABCNEWS.com) Baby Boomers
Supporting Kids and Parents
C H I C A G O, Aug. 1 — Baby boomers make up
what's being called the "Sandwich Generation"
because people between the ages of 45 and 55
are finding themselves wedged between financial
obligations: their children's college tuition,
their aging parents' living expenses, and their
own retirement savings.
Of the nearly 2,500 boomers surveyed by the
AARP, 48 percent thought they should be doing
more for their elderly parents. Meanwhile, 69
percent of those polled felt their children
should help care for them in their old age,
signaling that the next generation will be
The Social Security Administration estimates
76 million baby boomers will be retiring
during this century. Good Morning America's
financial contributor Mellody Hobson,
president of Ariel Capital Management in
Chicago, said the boomers' burdens evolved,
"When their children are teenagers and ripe
for college, their parents are well into their
70s or 80s, and they need help themselves,"
Hobson said. So the boomers often find
themselves simultaneously looking at college
campuses and nursing homes.
The situation is further exacerbated by the
fact that boomers tend to be big spenders and
have racked up both credit card debt and hefty
mortgages, perhaps in defiance of their scrimping
and saving parents, who were forced into
frugality during the Depression.
"Many boomers live beyond their means,
sacrificing their financial futures,"
Hobson said. "That means children and
parents become a strain on already strained resources."
To Read The Full Story Go to the sources
Boomers Burden-ABC News.com
Age Venture Net!
News, Trends, Advise From Dr. David Demko.
Administration on Aging
information designed for Older Americans and their
families as well as those concerned about providing the
opportunities and services to enrich the lives of older
persons and support their independence.
Administration on Aging
Web Sites on Aging.
Prejudice against older adults through attitudes and behavior.
Dedicated to creating smarter, safer living for seniors.
Aging in America
Our Heritage of Wisdom project is a series of 36 original
pencil drawings by artist Jim Branscum dedicated to
honoring the humanity, dignity and contributions of older
Americans, and increasing Legislative and Public Awareness
of Aging Concerns.
American Society on AgingEnhancing the knowledge
and skills of those working with older adults and their families.
The American Association of Homes
and Services for the Aging (AAHSA)
is the national nonprofit organization
representing over 5,600 non-profit
nursing homes, continuing care
retirement communities, assisted-living,
housing and community service organizations
for the elderly.
Assisted Living Federation
The largest trade association exclusively
devoted to the Assisted Living industry
and the population
Touching Real Life Story of a caregiver
Links and Reources For Caregivers
Ageing With Dignity
Best known for its highly successful Five Wishes®
advance directive for family.
US Living Will Registry
A centralized online resource and Web destination
that delivers hard-to-find product, resources
and information that inspires greater independence
and better daily living for people with disabilities
and their support circles.
Check this site out if you are grandparents or
about to become one!
Empowering Caregivers is a Highly acclaimed site
featuring resources for caregivers: chats, newsletter,
healing circle, journal exercises & more to assist
you and your loved ones with options, healing,
and love. A gift for you.
Cancer News on the Net
Dedicated to bringing patients and their families
the latest information on cancer diagnosis
Eastern Agency on Aging
Maine's best source on information, options &
services for people as they grow older.
a on-line sourcebook with thousands of reviewed
links to on-line information about health,
financing, housing, aging, and other issues
related to the care of the frail elderly.
Home of the Canadian Association of Retired Persons.
Find a Fund
The most complete source of mutual fund information
on the internet.
Friendly 4 Seniors
Health Care Financing Administration
The federal agency that administers the
Medicare, Medicaid and Child Health
Accreditation Of Healthcare Organizations.
An independent, not-for-profit
organization, the Joint Commission standards-setting
body in health care.
Health Advocate for Older People
Promoting better housing, health care
and quality of life for all senior citizens
residing in New York City.
MedQue Home Health & Medical Supply
Dedicated to providing patients, consumers
and healthcare professionals a convenient on-line
method of ordering their medical supply needs.
New Life Styles
Senior's Web Resources.
National Council on Aging
Organizations and professionals dedicated to
promoting the dignity, self-determination,
and well being of older persons.
National Hospic Organization
The largest nonprofit membership organization
representing hospice and palliative care programs
and professionals in the United States. The
organization is committed to improving end of
life care and expanding access to hospice care
with the goal of profoundly enhancing quality of
life for people dying in America and their
Your relocation guide for easy moving.
Self Improvement Online
The definitive web guide to personal growth.
Senior Arts and Systems
Prevent drug misuse in seniors.
The National Senior Service Corps helps
people age 55 and older find service
opportunities related to their interests
and close to home.
SeniorNet's mission is to provide older adults
education for and access to computer technology
to enhance their lives and enable them to share
their knowledge and wisdom.
For housing and lifestyle choices, &
how to pay for them.
Alzheimer's Disease articles:
SOCIAL SECURITY & BABY BOOMERS
Testimony of MICHAEL TANNER - CATO Institute
Several links to health!
and various health related sites.
Elderly care consulting.
Whole HealthMD Net
Providing the best in complementary, alternative medicine.
THANKS TO OUR SPONSORS
Online resource for quality healthcare.
Philadelphia's largest monthly magazine for active adults!
Back to Boomers International.