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The New Bazaar
What Is the Sandwich Generation?
The sandwich generation refers to people who have both children and elderly dependents. Having an elderly person in your household decreases the probability of risky ascit holding by over 11%. It also decreases college savings for your children by a few percentage points. This situation is having wealth implications across generations, right? Because you you have to take care of one generation. And so this, to me, shows the critical linkages between systems like social security,. which should be there to protect people in retirement age that is often lacking, and financial aid for people to pay for college education.
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