Here is an interesting read about the so-called Sandwich Generations, referring to the generation of adults who support both children and ageing parents. There is definitely a heavy burden on these households who start to reel from multiple price and economic shocks as we face a weaker economy, tax and interest rate increases, and electricity and petrol price hikes.
However, young professionals need to understand the importance of providing for their future. There will no doubt be financial pressures they will be facing and they need to start making sound financial decisions immediately that do not involve taking on unnecessary debt and start saving money for their future.
Read the entire article on Fin24 here