No, this is not the new version of the avocado and toast trend or the overnight oats obsession.
This point in life entails caring for young children and elderly adults within your friend and family circle.
The Wall Street Journal reported that over 11 million Americans are trying to balance child care and tending to aging family members.
As more couples delay having children and modern medicine increases lifespans, this stage of life is lasting longer for many people.
Great bonding and joy can come with caring for others. However, it also comes with immense pressure and the expenditure of resources from time, energy, money and emotional labour.
The financial cost of child & senior care
The sandwich stage can be a significant financial burden, especially with the cost of childcare and eldercare continuously increasing.
In the US, the average cost of childcare for infants ranges from $400-1,500/month (Illumine). The average annual cost of childcare rose to $11,582 in 2023 (CNN).
On average, it costs $10,830/month for elders to stay at a nursing home in the US and $5,806 per month for an assisted living facility, according to the nonprofit National Investment Center for Senior Housing and Care (NIC).
In this case, caregivers often have to pull from their retirement savings.
Women are disproportionately pushed out of the workforce due to the demands and expectations of caregiving.
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