"The houses may look ordinary from the street, but the interior designs of many new and existing homes are changing to meet the needs of the so-called “sandwich generation” whose parents, children or other relatives may live with them under one roof."
The Tennessean: ‘Sandwich Generation’ Impacts Housing Market
See our full report on the Sandwich Generation here.
"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.
"One hypothesis is that the growing student loan burdens are squeezing out other purchases. But it’s also possible that young people are pursuing more education and postponing job entry, family formation and household purchases."
Rick Fry of the Pew Research Center [via Bloomberg]
Why are young Americans shedding debt almost four times faster than older adults?