Practical Financial Tips for the 'Sandwich Generation'

If you're trying to balance the needs of your own children along with your aging parents, you're part of the "sandwich generation." Twelve percent of parents fall into this category, according to the Pew Research Center. The coronavirus outbreak has likely put additional stress on your finances.

The pandemic has highlighted just how tangled family finances can get across generations. Some parents are upset that their millennial children aren't working due to COVID-19, but not for the reasons you might think. When parents rely on their kids for financial support, they see their children as their "retirement plan." Parents are nervous about whether their own financial needs will be met if their children are out of work.

Being caught in the middle of caring for your parents and children simultaneously can feel overwhelming. But achieving your goals is