Brent Wilsey talks “The Sandwich Generation” and financial awareness

Caring for your children and your aging parents at the same time can be as taxing on your energy as it is on your bank account.

Brent Wilsey of Wilsey Asset Management dropped by the studio Sunday morning to talk about “The Sandwich Generation” and how to plan ahead to help aging parents and loved ones.

According to the Pew Research Center, nearly half of all adults in their 40s and 50s have a parent age 65 or older and are also either raising a young child or financially supporting a grown child. And, about one in seven middle-aged adults is providing financial support to both an aging parent and a child.

While some parents need financial support, others may need help with the functions of day-to-day living and also may rely on their children for emotional support. Not only do these obligations result in lost wages and income, but they often require immeasurable amounts of time and energy.