The growing number of seniors being cared for by family is creating a collateral financial crisis for the so-called “Sandwich Generation.” This is particularly true among women, who lose an estimated average of $324,044 in compensation due to familial caregiving, according to a study from MetLife and the National Alliance for Caregiving.
The growing number of seniors being cared for by family is creating a collateral financial crisis for the so-called “Sandwich Generation,” particularly among women. Women lose an estimated average of $324,044 in compensation due to familial caregiving, according to a study from MetLife and the National Alliance for Caregiving. This figure includes not only lost wages, but lost contributions to retirement plans and Social Security.
This article originally appeared in Life and Health Advisor Magazine.