Taking financial care of elderly parents is one thing. But today’s Boomers are often helping out their kids and grand kids too. How many bills can they pay before they wind up in trouble? Certified financial planner Louis Barajas came by to help answer those questions.
Louis tells us about “Club Sandwich” generation — not only are Boomers taking care of their parents and their children, they’re also taking on an extra layer: Grandchildren. He says that while Baby Boomers are doing better financially than previous generations, they have a lot of people around them asking for money. Listen to the audio above to hear his tips on how to help those nearest and dearest around you without ruining your own finances.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.