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CBS America

The financial strain of caring for both children and aging parents

CBS America · Just In
CBS America
CBS America
Just In

Between now and 2030, about 10,000 Americans will turn 65 every single day, giving rise to a term known as the "sandwich generation": adults who find themselves caring for their aging parents while still raising their own children.

Breakdown
  • Rachel Gordon cares for both her mother and teenage daughter.
  • She struggles to meet both generations' financial needs. 12s
  • Her mother requires ongoing medical care and support. 21s
  • Family considers downsizing to afford daughter's college. 1m 32s
  • Gordon urges policymakers to address rising care costs. 1m 46s