The Sandwich Generation

A recent article describes a societal challenge that represents a major convergent force. I have portrayed this challenge as a shift in our traditional life segments – from four to five. Here is a summary of the article:

As we approach 2030, the world braces for a significant demographic shift. In the United State alone, 10,000 Americans will hit the age of 65 every day. This surge in the elderly population underscores a pressing global concern regarding our readiness to provide adequate elder care, a responsibility often shouldered by the adult children of aging parents. This phenomenon has coined the term “sandwich generation,” referring to individuals who find themselves simultaneously caring for elderly parents and raising their own children.

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The Great Wealth Transfer: Fact Or Fiction?

In a post from 2019, I described what some were calling the greatest wealth transfer in history. I pointed to an  Article that positioned the next two decades in the United States as an unprecedented shift of demographics and finances. Baby Boomers were born between 1944 and 1964, and according to that article, this generation is expected to transfer $30 trillion in wealth to younger generations over the next many years: what some have called the “great wealth transfer.”

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