Tag Archives: economic turmoil
The continued market turbulence – another drop of over 700 points yesterday – has hit Sandwiched Boomers hard, especially those nearing retirement. Estimates by the Congressional Budget Office are that retirement plans have fallen by over 20% in value, raising anxiety levels and increasing feelings of vulnerability. As a Sandwiched Boomer herself, Kate is worried about her aging parents and how she will care for them just as she is taking on new responsibilities helping to care for her granddaughter. “Until a few weeks ago, I could hold it all … Continue reading
Posted in parenting kids, sandwich generation, your self
Tagged anxiety, change, children, economic turmoil, empty nest, Sandwiched Boomer, stock market, support
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The market meltdown and mini-boomerang have left investors feeling insecure, not knowing what to expect next. Without a financial safety net, Sandwiched Boomers fear they face a turbulent future when crises arise. Will a divorce threaten your economic stability as well as your marital state? Can a serious illness cause more than physical pain as it limits your ability to work? These are the questions on our readers’ minds. Teri is concerned about the triple whammy to her security: illness, divorce, and financial vulnerability. She is feeling anxious yet is … Continue reading
Investors in Wall Street were more optimistic yesterday as the buying pressure pushed the market up over 900 points, the largest one-day gain ever. Nevertheless, uncertainty about the current state of the economy continues to weigh on Sandwiched Boomers. Today we share more stories from readers who are looking for direction. Barbara writes that she is concerned about making a career change in these uncertain times. She tries to gather information from people who work in the field she is interested in pursuing and she relies on her friends for … Continue reading
Posted in sandwich generation, your self
Tagged career change, economic turmoil, goals, retirement, Sandwiched Boomers
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A recent American Psychological Association survey found that eight out of ten Americans say the economy is a major souce of stress in their lives. Nearly half are worried about providing for their families’ basic needs. As the economic turmoil continues, there can be a ripple effect. And you or family members may experience symptoms such as irritability, insomnia, lack of motivation and feelings of sadness. What follows are some healthy strategies to help you work your way through these tough times. Take pause but don’t overreact or become passive. … Continue reading
