Qualified advisers answering your
Financial Questions
call 0800 092 1245

Rise of the "Sandwich Generation" highlighted by Norwich Union

"Dual carers" are increasing in number thanks to the UK's ageing population, a new survey has indicated.Norwich Union released the study, showing that middle-aged people are becoming the "Sandwich Generation" - caring for both elderly parents and their children.As a consequence, one in four were found to either be struggling to meet their own essential costs or dipping in to their pension savings to balance the books.One in four said that they had cut down their work hours to meet their family obligations, while one in ten had given up their job entirely.Brian Bussell, director of pensions at Norwich Union, said: "The aging population means more and more people will find themselves in the Sandwich Generation. "Most worrying is that when people use their savings or cut back on pension contributions to fund care for their parents, they are storing up problems for the future and increasing the chance that they will require the same service from their own children. If we are to break this cycle we need to plan for this eventuality."

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details