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Planning: Tools & Services > Elder Care > Resources > Living Better and Living Longer: Caring for Multiple Generations
Living Better and Living Longer: Caring for Multiple Generations
 

Not so long ago, they were the new generation: the "baby boomers." Their huge numbers and new ways changed all in their turbulent wake while they blazed a trail to adulthood. Eventually, even these idealists married and had families.

Today this "new" generation is growing older and facing a new challenge. They are facing the potential of dual caregiving roles.

Many had children later in life and are watching their children coming of age on one hand, and are facing the ever-increasing needs of their aging parents on the other hand.

How did this age group become "sandwiched" between the needs of their children and their parents? It's a dilemma influenced by several factors:

  • In many cases the elderly no longer live together with other generations in extended families. In fact, families are often living in many portions of the country.
  • Distance between family members may create tension and stress when a parent needs a child's help.
  • Medical advances keep everyone living longer. An aging parent can live 20 years or more after retirement which can mean years of caregiving.
  • A decreasing birthrate means fewer people to care for an elderly parent or relative.
  • An increasing divorce rate places more stress on the time, money and energy of those relative few who might be able to care for aging parents.
Mix this into the emotions of sadness and loss when the aging parent's health begins to deteriorate, and the entire process can seem like a burden rather than a blessing.

Currently, the sheer numbers tell us there now are 34 million Americans who are 65 or older (U.S. Bureau of Census, 2/6/98). Those who are 85 and older now total close to four million.

That's a lot of parents who may need attention at some point as they grow older.

 

 
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Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

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This document was last updated on Friday, October 27, 2006 at 10:58 AM