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The caregiving burden extends beyond the individual, placing a significant strain on family dynamics, personal health and finances.
This has even more consequences for women caring for both children and elderly parents, known as the sandwich generation, as many are pushed to put less focus on their careers.
Here with more today we have Jim Paolone. The Caregivers in the sandwich generation experience exhaustion, stress, and depression caring for kids and elderly parents. Not only that but with all the distraction they find themselves unable to concentrate on the finance of the family they support” says Paolone. He adds “an Edward Jones survey found that 57% of women caregivers have had to take on fewer professional responsibilities, resulting in a substantial loss of potential income.” Almost half (46%) of women in this generation report being the sole caregiver for their children, while 54% say the same for elderly parents or relatives. These women also have their eyes on their family’s finances. In fact, women make 85% of all household spending decisions. He continues “with retirement, Social Security, health care, caregiving and balancing goals, women investors have unique considerations and we see you and your goals — and we can help.”
Edward Jones sole focus is getting to know you, your situation and what’s most important to you. Whether you’re balancing paying for your child’s education with caring for aging loved ones, or you’re not sure how to lay the foundation for a comfortable retirement — we’ve got you covered.
For more information visit Edwardjones.com/womeninvestors.