Sandwich gen – finding time to thrive
                        
                                                                        
                    
                    
                 
             
         
     
	
    
        
	
        
            First coined in the 1980s to describe adults ‘sandwiched’ between a dependent child and an adult relative requiring care, this group now represents a major part of the UK population, with almost four million people in the sandwich generation*. Undoubtedly a consequence of an ageing population and delayed parenthood, a growing number of people are left sacrificing their time, wellbeing and finances in order to care for those around them.
Challenging times
A fundamental problem facing this generation is that the dual challenge of caring for younger and older relatives can leave them unbelievably time poor. It has become a way of life for this group to focus on surviving rather than thriving. Indeed, research suggests nearly half of this group devote under 35 minutes a day to themselves.
Planet ‘plan it’
Although it may seem unnatural for the sandwiched to think about their own needs, it is vital they do so. To secure financial stability, diligent planning is essential. Make retirement provision a top priority. Seeking sound professional advice and developing an effective financial plan is arguably more important for the sandwich generation than any other group.
*Aviva/YouGov, March 2019
        
         
                                    
         
        
        
        
        
        
                
                
                
        
        
        
             
        
     
        
	 
    
	
	
		
		It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor. No part of this document may be reproduced in any manner without prior permission.
		
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		Information is based on our understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from, taxation are subject to change.
		
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