Many Gen Xers are caring for both their children and parents, and it's hurting retirement savings.
56% of Gen X investors were financially supporting either their parents or their kids, Nationwide found.
The financial burden of supporting two groups has some Gen Xers doubting if they'll retire at all.
The sandwiched generationBy some measures, Gen Xers are even more ill-prepared for retirement than baby boomers.
"And so there's a large swath of Gen Xers who may be in a bit of a lurch."
Persons:
they'll, Steve Mullen, Xers, —, X, Caregiving, Gen Xers, Carewell, Julie, Joe Wadford, Satayan Mahajan, Mahajan, Brandon Goldstein, they're, Goldstein
Organizations:
Nationwide, AARP, National Alliance, Prudential Financial, Bank of America, Gen, Social, Congressional, Office, Prudential, Pew
Locations:
caregiving, Ohio