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Financial tips for the sandwich generation

Are you responsible for looking after children and older relations? Follow this guide
People looking after younger and older family members may be jeopardising their own future financial security
People looking after younger and older family members may be jeopardising their own future financial security
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If you are one of the 1.3 million people with the twin responsibilities of caring for older and younger family members, your finances may be suffering.

Having children who could use some money to help them to buy a home at the same time as having parents who require extra care can be very difficult, especially when you also need to save for your own retirement.

We ask the experts for their tips for those stuck in the sandwich generation.

Be careful with your pensions
One of the biggest pressures on this generation is the desire to help adult children to buy their first home. “It used to be a nice-to-have if parents could lend a hand, but now it’s an expectation,” says Darren Laverty