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Rob Carrick's Reader: Help, I'm supporting my kids and my parents

The so-called "sandwich generation" is left caring for both their children and their aging parents, putting strain on their nerves and finances.


The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Help, I'm supporting my kids and my parents

Heard about the sandwich generation, which describes people who are helping to support both their aging parent and their own kids? Here's a transcript of a radio interview with a woman who brought her aging father to live with her family in a two-bedroom house where her 23-year-old son also resides.

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For parents of university age kids: Here's a way to spend some money to save some money as your kids think about which university or college to attend.

Bribe, or should I say entice, them to stay in town and live at home by offering them the use of a car, or even their own used vehicle. Estimated vehicle cost: $8,000. Estimated cost of residence for one year: roughly $8,000.

Facebook faces a challenge

Set to go public on Friday, Facebook has experienced a slowdown in average revenue growth per user. Something to remember amid all the excitement over this highly anticipated initial public offering.

Young vs. the old

Have you read about those Quebec students demonstrating over rising tuition fees? That's a backyard birthday party compared to what could happen in the United States if the needs of an aging population are allowed to overwhelm the government's financial resources. Note: Canada's government finances are in much better shape than in the United States, but we will face similar demographic pressures on government spending.

More money

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Join the 13,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; and Berman's Market Update, a summary of the markets at the open, noon and close.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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