Tuesday, November 24, 2009

We are the Sandwiched Generation

Our generation is in the worst situation; simply put, the sandwiched generation. Given our asian values, we have to take care of our aged parents as the folks thinks that it is the children's responsibilities to take care of them when they grow old. (Well, I’m not disputing that!)




However, we also have to take care of our own children, until they are financially independent.

For those guys out there, whose wives are not working, they will also have to provide for their wives. I guess my hubby is lucky in that aspect.

I hope to put to a stop to this at my generation. Things are getting so expensive now, with HDB flat calling for over S$600k and sub-urban condos, easily transacting at close to S$1 million.

Seriously, I hope to be able to save enough for our retirement nest, so that my baby girl does not have to be financially overburdened when she grows up. I know things will only get worse when her time comes and I can’t bear to even think about it. Sigh…

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