China’s sandwich generation?_其他_趣味英语-查字典英语网

China’s sandwich generation?

Assess the Situation Before Sandwich Generation Problems Arise - As early as possible, consider sandwich generation issues. Talk with your parents about their assets, how they want to live as they age, what kind of health care and lifesaving measures they do or don't want, and who should make legal and medical decisions for them if they are no longer able to handle their own affairs. This may be a difficult and uncomfortable conversation for you and your parents, but answering these questions while there is still time to plan ahead can help you both avoid a lot of sandwich generation problems.

Get Insurance - Look into the viability of long-term care insurance for your parents and yourself. If you or your parents eventually require nursing home care, long-term care insurance could help offset those asset-draining costs. Put Yourself First - Because you’re both a conscientious parent and a dutiful child, you may be tempted to put your own needs after those of your aging parents and adult children if you find yourself in a sandwich generation scenario. Don’t.

The only person who can save for your retirement is you. To avoid many sandwich generation problems and help your parents and your children you first have to keep your own financial house in order.

Finally, don’t forget that being part of the sandwich generation and caring for others can be hard on your physical and emotional health as well as your financial well-being. You need to maintain social contacts, tend to your marriages or romantic relationships and find time to play. To learn how you can take care of yourself while caring for others, see Caring for Caregivers.