Ask A Financial Therapist How To Talk To Your Parents About Money
And as we know from research about the “sandwich generation,” or people who take care of their aging parents and a child, this is a major issue for many Americans: 45% of adults say they support both their parents and children, and 15% have contributed financially to both their parents and children within the same year. And of this group who are supporting both generations of family, only 28% say they are “living comfortably” with the overwhelming majority (60%) say they only “meet basic expenses” or “meet basic expenses with a little over....