A Place for Mom and Kelton Research released their findings today on the financial impact of the growing senior population on the Sandwich Generation. The survey asked more than 900 Americans, aged 30 and over, questions relating to the following:
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For caregivers who are already struggling in a depressed economy, larger questions loom: How are we preparing for retirement in an unstable financial climate? How are we going to provide quality, yet affordable senior care for the baby boomer population?
Tax relief in the form of claiming seniors as dependents, struck a chord in those surveyed as a popular solution to this looming crisis. According to the survey:
This only seems fair, right? Will the Sandwich Generation galvanize their efforts and demand changes to the tax code? For more information on the survey results, read the press release: A Place for Mom Finds Dwindling Finances and Growing Senior Population Putting Strain on Younger Generations.