It’s no secret that cohorts of younger Canadians are facing economic hardship, with retirement looking like a distant dream for many. A new Statistics Canada report shows many are also being pushed into caregiving roles for two generations.
The report added that “sandwich caregiving” is most common for those 35-44 years old , followed by those 45-54 years old and 55-64 years old .Sandwich caregivers cared for their parents or parents-in-law and their own child under the age of 15 , their parents and grandchild under 15 or their spouse or partner and their own child under 15 .
“Millennials at the moment are in a really tough spot, to be perfectly honest, because the older generation has not left the country in great financial shape.”Click to share quote on Twitter: "Millennials at the moment are in a really tough spot, to be perfectly honest, because the older generation has not left the country in great financial shape.
“At the moment, we have a real shortage of both informal caregivers, the sandwich generation, but also formal caregivers,” he said.Tuesday’s StatCan report found that 86 per cent of sandwich caregivers said their care responsibilities affected at least one aspect of their health and well-being, compared with 74 per cent of caregivers for only adults and 62 per cent of caregivers for children.The most common impacts reported were feeling tired, worried or anxious, or overwhelmed.
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