With older Americans living longer and many younger folks saddled with crushing student loan debt by the time they finish college, adults caught in the middle are being referred to as the "sandwich generation" because they are supporting both younger and older family members.

According to Stephanie Galligan, research manager for Filene Research Institute, Madison, Wis., studies have revealed numerous telling statistics – including that Almost half (47%) of adults age 40 to 59 are both supporting a parent 65+ and are raising or supporting a child. Additionally, about 29% of adults between the ages of 29 and 35 live with their parents.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.