Q and A: The Sandwich Generation

Thursday, May 14, 2015

What is the ‘triple decker sandwich’ Baby Boomers are facing and what are the solutions?

Social and demographic changes, including the rising cost of living and house prices has led to changes in family configurations and living arrangements. The children of Baby Boomers, Generation Y, have significantly delayed the life marker of marriage, with the median age of first marriage now at 29.9 for a male and 28.3 for a female, as well as childbirth, with the median age of parents now 33 for a male and 30.8 for a female.

They are also delaying other lifemarkers of leaving home, starting their career and obtaining a mortgage more than ever before, and for the first time an entire generation of parents are entering their 60s while still providing financial and personal support to their children. Whilst the “couple with kids” household remains the most common household type in Australia, making up a third of Australia’s 9.1 million households, household structures are changing with a noticeable rise of the multi-generational household.

Generation Y have also been labelled the Boomerang Kids, as once they leave their family home, they often boomeranging back again, sometimes with a few kids in tow. Many Baby Boomers are not therefore downsizing the family home, but creating space for their adult children and grandchildren to live under the one roof. This type of arrangement is a significant financial advantage for Gen Y KIPPERS (Kids In Parents’ Pockets Eroding Retirement Savings) who may be saving $15,000 per year on rent alone by living with their parents. For mum and dad, however, retirement plans are delayed and retirement savings significantly decrease.

In addition to this, many of today’s Baby Boomers have an additional caring role of supporting their ageing parents, ‘sandwiching’ them between their adult children (and grandchildren) as well as their parents’ generation who are living longer – which is why they have been labeled the triple decker sandwich generation.

THE SOLUTIONS:
  1. Multigenerational households can provide great support networks for raising the next generations, but so that the pressure doesn’t fall unequally on the shoulders of one generation, have a plan to share the load of household jobs and responsibilities.
  2. Plan ahead for aged care options so the best care can be provided at each stage.
  3. Separate living spaces in the one house can provide opportunity for each generation to have their independence and space whilst still having shared time together.

FOR MORE INFORMATION:

More on generational characteristics and transitioing can be found in Mark McCrindle’s book The ABC of XYZ: Understanding The Global Generations.

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

keynote speaker hornsby employmer survey design jobs newspaper Royals choice workers money SMSF marriages analysis Engineering Manager younger generations sunburnt country learner income pharmacies research business performance 2014 research report Kiwi dreams employmee slideshare personalities geomapping group Love Crime Rates Myth Territory collaborative wealth wedding snapshot shopping centre education future report collaboration infographics spirituality religion generations unaffordable ethnography salary wage moreton bay World Water Day Research Executive Sydney going out Gen X ferry home ownership TDE demographic student rich divorce rate world growing population eliane miles tattoos hopes community event Australian Census digital NEETs australian community trends report ABS travel System's Architect anzac culture gig economy Wellington divorce Wagga Wagga innovation communities urban debt ageing population mateship media release monarchy energy socialising retirement The Daily Edition holidays future of work thought leadership unemployment pharmacy Performance Sentiment Index Western Australia Births growth teleworking family workshop greatness food bank environment ACT panel 24 million McCrindle Speakers list challenge FPA christianity house Education Future Forum wellbeing January 26th teacher news Australian Home gen alpha high school Population Clock high density living trends omnibus media WA local sydney metro What is food insecurity? EFF educhat australians staying home more curiosity tea emerging technologies faux-ciliser Deaths weather chairty qualitative research commute education property market Work place local community hobart families organisational culture education future schools students career Tuesday Trend Maxim Accounting social commentator mccrindle video demographer in depth interviews teachers educated crows nest gen z apartment professional speaker sector HSC volunteering hills shire the hills shire Merry Christmas increasing densification report politics Melbourne land of the middle class social shifts case study buildings event nfp TED talk happiness office space responsive bondi australian communities trends report ipswich vegemite leader litter brisbane equip care support long weekend apartments commuters Do It Yourself identity purpose twentyseventeen sydneycity Gen Y debate employment university cost of living TED optus generation alpha seasons annual income screenagers change mccrindle research online shopping investor New Zealand work-life social research optimistic office keynote residents bureau father's day graphs relevant royal baby socialites Christmas lunch relational sector wide study trends analyst forecasting financial results Macquarie University future proof communicate waverton aussie culture survey domestic data analyst speaker Australia Day world youth day infographic life giving contiki research services market research research data mining boom networking cooking VET cancelling event youth unemployment car lifestyle state 2015 Australian schools skills cold tertiary education goal ashley mckenzie christmas young australians affordability transport conference presentation Res Vis baby names volunteering data professional development neutral bay communications generation changing face of sydney education research media activity growth of sydney online property price deloitte national crime rates Christmas presents emerging generations NFP event households DIY conferences brand work New South Wales sydneysiders Australian Dream earnings holiday grandparents Scouts internships education sector sentiments The ABC of XYZ logan princess charlotte house prices workplace culture city Skilling Australian Population rain etiquette Australians SRE focus groups marketing 2017 Geoff Brailey internship follow FOMO publication home conference speaker baby name predictions investing norwest supply and demand Adelaide priorities product recap future proofing moderators guide ideas easy rider public speaker consumer the changing face of woolworths cash blaxland NBRS the hills Sydney population CPI Caregiver Australian communities average aussie financial planning charity gold coast 2013 proactive builders authenticity NBRS Architecture economy award home owner VET sector high density census data housing market professional services tips balance kate middleton trends of 2016 trends of 2017 average Australian bus English shifts rental stress church children ultimo baby boom millennials dessert huffington post ACF social change Real Estate organisations Generation X TAS entrepreneurial demographic transformations rule keeper the lucky country rise of local mortgage Financial Planning Association wealth and income distribution engage Australia Day 2017 "know the times" forum resource presentation public holiday small business professional presenters Real Estate Institute of Victoria winter study couple baby new office 2016 census results friendship Australian Trends Generation Y donation national wealth society trends renter of the future thrive business volunteers post rationalism generational trends public speaking rent high density apartments belief sydney speaker suburb perth cultural diversity young people showreel global generations cultural diveristy census suburban living demography crime social impact McCridle cancelling plans forecast healthy future researcher wages medicine marriage demographic trends 40 million vegetarian Hornsby Shire Council Bathburst students outsourcing breakfast aged care royal events urban taskforce global food insecurity TEDx society Northern Beaches Christian School renting social researchers schools entertainment not for profit research australian real estate Lower Hunter Research Director Australian demographics typical australian coffee lovers Lower Hunter Region future-proof 2012 media commentary goals define women millenials Australian Communities Trends non profit ease of travel Sydney’s south west mobile financial dreams sustainable Business analysis insights Channel 7 speakers water global financial crisis teach Andrew Duffin customer average sydneysider wealth inequality personal growth Tuesday Trends statistics commuting sports mythbusters the australian dream household overcast ACF 2016 ashley fell townhouses learning styles 23 million sydneysider JOMO mother's day Netflix trades property australian Queensland future rising house prices 1994 visual optus my business awards low density daily commute staying in office opening train government emerging trends stay home impact cost ageing Australian community trends house price workplace cartodb live the dream affordable Charlotte census results social issues narcissism donate Canberra award winner brand experience sydney event future of shopping population milestone teaching population map #censusfail acf15 financial independence cica faux-cilising faith royal influence not-for-profit baby names australia report learning research on coffee Channel Seven research visualisation ACT Report men focus group public transport CBD the average aussie alpha Valentine’s Day training Willowdale Elderslie-Harrington park real language participants resilience leadership Vocational education James Ward clothing generation Z school students budget sydney hills weekly earnings mover and shaker 2016 February 16 social life social lives spend plans South Australia summer ACF17 royal family Hunter Valley data visualisation screenage selfie baby boomers interactive sector wide new york times facts speajer Kirsten Brewer shopping school satisfaction names work from home population staff baby names report winter blues community engagement christian earning volunteer census fail sunny days economic cancel plans stats dare to dream year 12 tv australian communities forum dream offenders coffee insight work mates SMART baby name trends university degree data Christchurch wealth and income Mount Annan-Currant Hill finance urban living consumerism leadership workshop employers micro apartments not for profit mccrinlde area housing growth states tuesday speakers pack hello fresh food manly grave decision social trends SA culturally diverse house price rise friends investment prince george 24,000,000 workforce fresh cars GPO Word Up 1975 darwin know the times living social analysis gender Assistant Store Manager Jura Coffee storytelling Northern Beaches wealth distribution Mark McCrindle tableau fears Jura Australia Social Trend toys trend tuesday futurist careers intern shopper's pick casual future of education school brands hills earn social media dreaming presentations NT 2020 micro motivate financial fears 10 years the great screenage IT Specialists New Zeland cloudy days pyrmont australia Wodonga australian social research technology trend mccrindle in the media program capital cities easter Australia street youth suburbs quote social enquiry gig potts point housing hunger celebration group session VIC Queensland: QLD Financial Planning Association of Australia national private wealth charities professional menai daily telegraph community 1968 who is generation z social researcher village paying to work Christmas season social marrickville repayments sun child care baby name mccrindle tea in the media housing trends infographic wall Mark McCrindle in the media Cobbitty-Leppington Northern beaches Event safe jobs of the future megatrends Duchess of Cambridge Financial Planning Week ACF2017 housing affordability engagement Sydney Hills Business Chamber census 2016 entrepreneurs of today meetings victoria Aussies innovative entrepreneur capital city social commentary meals year 7 urban living index conference 2016 census NSW poker master visualisation parenting poor communication Northern Territory demographics shbc Hills Shire Council click faux-cilise experience Tasmania REIV Conference learn google for education environmental scanning social analyst wolloomooloo aged care puzzle owning a home PSI 1980 travelling internet eliane middle class research pack Australian Families financial future Sydney keynote speaker millionth population growth mentor lalor park parents business index REIV National Conference Aussie Australian Bureau of Statistics story DESTEL local communities google criminal mythbusting

Archive