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

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

Archive