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A new survey shows marked changes in the makeup of the sandwich generation – 30- to 40-year-olds who care for both children and aging loved ones – as significantly more millennials and males now are part of the demographic compared to three years ago.
Those developments were among the findings of a special edition of New York Life's Wealth Watch survey released in November. The survey showed that 55% of caregivers in the Sandwich generation are male compared to just 36% in 2020. In addition, 66% of caregivers responding to the survey are millennials versus just 39% in 2020. Meanwhile, Gen Xers who identified as caregivers dropped from 40% to 23% during those three years. Among the other notable shifts the survey revealed, approximately 25% of Sandwich generation adults are Hispanic – up from 15% in 2020.
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