Those caring for children and older relatives are under financial strain, research finds
It is estimated that there are 2.4 million people in the UK - known as the sandwich generation - caring for their children as well as their elderly relatives at the same time in life. According to new research from LV=, this section of society - typically aged 40 and 60 years - widely lacks financial confidence and many are unprepared for a potential shock to their income. More than half (52%) are concern about the financial impact a serious illness would have on either themselves or their partner (compared to the national average of 35%), while they are also nearly twice as likely to...
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