GOLDEN VALLEY, Minn. - The sandwich generation is a generation of people who care for their aging parents while supporting their own children.
According to the Pew Research Center, more than one of every eight Americans aged 40 to 60 is both raising a child and caring for a parent.
The U.S. Census Bureau statistics indicate that the number of older Americans aged 65 or older will double by the year 2030, to more than 70 million.
As your parents age, their financial concerns may become your concerns.
Dan Ament, Senior Vice President and Financial Advisor with Morgan Stanley Smith Barney in Wayzata joined KARE 11 Sunrise to discuss some steps to prepare.
- Financial disclosure
- Streamline / automate finances
- Organize / locate documents
- Seeking assistance / counsel
(Copyright 2012 by KARE. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)