Sadé Dozan was 29 years old when she abruptly found herself taking care of both her mother and 6month-old child in 2018. “My mother had my daughter in her arms and had a heart attack,” says Dozan. Her mother was left incapacitated, and her father has had his own health struggles with a recurring cancer.
Dozan is one of an increasing number of millennials squeezed in the sandwich generation, caring for their children and aging parents simultaneously. According to a 2020 survey from life insurer New York Life, millennials made up more than one-third of multigenerational caregivers, and they’re expected to account for a larger share as the population ages.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
EMPOWERING FAMILIES WITH FINANCIAL PLANNING
Through her pro bono work, this CFP provides free help with budgeting, saving and more.
THE ALLURE OF SHOULDER SEASON TRAVEL
SHOULDER season can be a great time for a vacation.
A TOOL 10 ADD 10 YOUR ID THEFT ARSENAL
Credit-monitoring services can help you detect fraud quickly.
Give the Gift of Life Insurance
Show your love for your sweetheart by protecting against disaster.
WATCH OUT FOR NUDGES THAT STEER YOU TO TRADE TOO MUCH
ANYONE who has shopped for groceries with a toddler knows to be on high alert for the impulse items the store has thoughtfully placed at a child's eye height.
Lessons for Retirement Success
CHRISTINE Benz is director of personal finance and retirement planning for Morningstar and author of How to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement (see a related podcast at Morningstar .com).
GET THE RIGHT ADVICE IN RETIREMENT
If you've saved up a decent-size nest egg with a financial services firm, chances are good it has offered you financial advice-for a price. Is it worth it?
SHIELD YOURSELF FROM FRAUD
RECENTLY, one of my clients shared a harrowing experience.
CHECK YOUR COLLEGE'S FINANCIAL HEALTH
Declining enrollment has forced a growing number of small colleges to shut down.
ESTATE PLANNING - Protect Your Wishes and Your Legacy
NO one likes to imagine getting seriously ill, injured or worse, but these occurrences are a reality of life.
