Financial planning needs and challenges for sandwich caregivers and career extenders – BenefitsPro


Here’s how benefits brokers, managers and retirement advisors can help meet the unique benefits needs of sandwich caregivers and career extenders.

adult man standing behind seated aging father (Photo: Shutterstock)

The number of people age 65 or older in the United States is projected to grow from 56.4 million in 2020 to 82.3 million in 2040 — and 98.2 million by 2060. Over the next eight years, as the last group of Baby Boomers turns 65, seven out of 10 will require long-term care in their lifetimes.

As a result, 11 million Americans — or 28% of all caregivers — currently are “sandwich caregivers,” who provide unpaid care to an adult while also caring for children living in their homes.

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