If you are asking yourself what is the sandwich generation, count your blessings. Surveys show that many middle aged people are finding themselves in this new generation. What is it you ask? Members of this generation are finding that both their children and aging parents are relying on their support, which creates a sense of being financially squeezed from both sides.
In a 2012 Pew Research report, 53% of people aged 18-24 said they still live with their parents, and 41% of people aged 25-29 said they still live with, or have recently lived with their parents as adults. Are you kidding me?!?! Sorry Brett and Ashley, I love you both dearly however I do not plan on having you at home for that long!
Aging parents will sometimes move in with their children because they require help with medical care, personal care, meals, etc.
Multi-generational homes are becoming more frequent in our society and it is important to see the positive and the many advantages that will come with a multi-family living situation. Maintaining a single home rather than 2 or 3 homes, sharing costs of the utilities, having to cook fewer meals, share in housework and yard work, less driving to check on parents. Not to mention some psychological benefits sure as reduced loneliness/isolation for the elder family member and peace of mind knowing everyone is in a safe environment.
Multi-generational living arrangements, like any other arrangements, can work wonderfully as long as ground rules are set and each members knows; what to expect and what is expected of them. The recipe for success is privacy, respect and maintaining open communication.
If you find yourself in a Sandwich and would like more information about programs and resources available, please do not hesitate to contact me, I can help steer you in the right direction. I am a certified Seniors Real Estate Specialist (SRES) and would be glad to help you and your family find what is right for you!