"This is the financial reality of all people’s lives, and the burdens hit at all stages of the life cycle. They hit the 25 or 28 year old who may have gone to college and may have taken out a big debt, thinking, ‘Aha, this is the ticket to a good financial future,’ and is still living in his childhood bedroom because there’s nothing but internships and dead-end jobs. It hits the middle-age parent who is still supporting that child, and who may be supporting an elderly parent…it’s more expensive at all stages of the life cycle."

Catch Paul Taylor’s full interview on the state of retirement savings on CSPAN’s Washington Journal.

Our full report on the “Sandwich Generation” is here.