‘Sandwich generation’ feel the squeeze as they spend £1.5bn a year to support children and parents

Couples with grown-up children and ageing parents are spending more than £1.5billion every year to help support them.

Figures revealed highlighted the growing costs to the so-called ’sandwich generation’, people who are squeezed between offspring and elderly relatives.
More than 250,000 Britons are currently paying for their grown-up children and at least one ageing parent, according to research by Unbiased.co.uk website, which searches for financial advisors.

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(Source: Mail Online)

Elderly to get more protection from thieving relatives. Victims are losing cash, savings and their homes

New measures are being prepared to tackle the growing problem of family members who exploit elderly people by stealing their savings and pensions.

Ministers will propose that banks, building societies and the Financial Services Authority monitor the accounts of elderly people for unusual cash withdrawals and direct debits and share information with the authorities where theft or fraud is suspected.

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(Source: Times Online)