Unlike Gen X or millennials or Gen Z, the Sandwich Generation is not defined by the decade they are born in. They are just a generation caught between two other generations, the preceding one, as well as the upcoming one. They are the ones shouldering the financial responsibility, with the parents having retired, and the children still in school. The sets of needs, too, are contrasting. While healthcare expenses form the bulk of the elderly generation’s needs, it’s school and college fees that have to be accounted for in the case of one’s children. In addition, there are one’s own lifestyle expenses, such as EMIs on housing loans, bills to pay, the salaries of household help, taking an occasional holiday, or saving for one’s retirement.
Taking care of their financial…