Recent research from Nationwide and the Alliance for Lifetime Income highlights the financial strain on the 'sandwich' generation—adults simultaneously caring for children and aging parents. Nationwide's survey reveals that 56% would tap into retirement savings to support caregiving, risking their own financial security. Additionally, 43% fear caregiving costs will delay their retirement. Meanwhile, the Alliance for Lifetime Income found that many older Americans are supporting both adult children and elderly relatives, impacting their retirement savings. In response, Morgan Stanley's study underscores the role of tailored workplace benefits in alleviating financial stress for this group, urging employers to better address their employees' financial needs.
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