Caught in the Sandwich Generation?
Contents
Ryan Watson in
the AFR on the squeeze of supporting two generations
“The financial pressures of supporting multiple generations are substantial,”
– Ryan Watson
When caring for family costs more than you expect
Our CEO, Ryan Watson, was recently featured in the AFR discussing how caring for both children and ageing parents, the “sandwich generation” squeeze is becoming a silent financial burden for many Australians.
What families are really paying for care
Looking after kids is one thing, but when you’re also supporting older parents or in‑laws, the financial and emotional load can stack up fast.
Costs mount beyond the obvious: caregiving can affect your career trajectory, reduce earning potential, add to long‑term financial pressure, and make it harder to balance long-term goals like saving for a home, retirement or education.
Why having a plan matters
At Tribeca, we believe it’s critical to recognise that caring responsibilities are more than just “a stage of life.” They’re a major financial and life event, and often one that lasts years. Having a plan helps you:
- Understand the full financial cost, including lost income or career opportunities.
- Balance caring duties with your long‑term goals (e.g. home ownership, saving for retirement, lifestyle).
- Explore strategies to reduce stress now, while protecting your financial future.
You don’t have to navigate this alone
If you’re feeling pressure from caring responsibilities, whether it’s for children, parents, or both, it’s worth getting advice early. A tailored financial and life plan can help you support your family and stay on track with your long‑term “Good Life.”
Australian Financial Review
For more than 65 years, The Australian Financial Review has been the authority on business, finance and investment news in Australia. It has a reputation for independent, award-winning journalism and is essential reading for Australia's business and investor community.