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Economic growth will take squeeze off the Sandwich generation

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Johannesburg – Less than a third of respondents will feel the squeeze that comes with taking care of their elderly parents and children, a survey revealed.

The recently-released Old Mutual Savings and Investment Monitor for 2017 looks at the saving and investment behaviour and attitudes of metro, working South Africans. The survey consists of face-to-face interviews with 1 000 South Africans.

It showed that 28% of respondents are part of the Sandwich generation. These are people who are supporting their children and parents and older dependents. This is most common among black households, with an incidence of 36%.

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