The New Sandwich Generation

More people are squeezed between move-in adult kids and a mortgage

The two biggest pay raises you'll ever get happen the day your youngest child finishes college and moves out of the house and the day you pay off your mortgage. Plow the extra money into savings and soon you can retire.

At least that's how it used to be. These days, a growing number of Americans are supporting struggling adult children while carrying mortgages deep into their 60s. It's the new sandwich generation--a term that originally referred to those forced to put off retirement because they were paying for their kids' educations and spending heavily to care for their aging parents....

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!