If only the decisions facing the Sandwich Generation were as simple as “do you want mayo or mustard on that?”
Instead, millions between the ages of 40 and 59 are finding that their lives are wedged tightly between the hard choices associated with taking care of elderly parents and supporting both their minor and grown children. The AARP estimates, in fact, that 66 million Americans are simultaneously caring for their children and parents at the same time they are supporting themselves. It’s a labor of love that they’re paying dearly for; the Bureau of Labor Statistics estimates that adults in the Sandwich Generation spend, on average, $10,000 and 1,350 hours on their parents and children combined per year.
The healthcare revolution is partly behind this problem. Care, such as giving medications, ensuring therapy is completed, eating the right foods and tracking vitals like weight, blood pressure and glucose was done only in formal healthcare settings a generation ago. Today, the expectation from all corners of the care continuum is that those activities are done outside the hospital – and absolutely have to be – to control the rising cost of healthcare.Read More