Slices of the Sandwich Generation

“The Great Recession and sluggish recovery have taken a disproportionate toll on young adults,” the Pew report reads. Forty-eight percent of adults have provided some financial support to a grown child in the past year, with 27% providing the primary support; in 2005, those numbers were 42% and 20%, respectively. Here’s a glance at the Sandwich Generation – who they are and what stresses their finances.

Thirty-one percent of Hispanic adults have a parent at least 65 years old and a dependent child. Only 24% of whites and 21% of blacks are in the same situation. Affluent adults are also more likely to find themselves in the Sandwich Generation: 43% of those making $100,000 or more, 25% of those making between $30,000 and $100,000 and 17% of those making less than $30,000 fit into the Sandwich Generation.