A Pew Research Center Survey made available last Tuesday revealed that aging parents are receiving more and more personal and monetary aid from their children.
A stronger obligation has developed among Americans to take care of their older parents, with 75% of participants agreeing that it’s their duty to provide aid.
“It’s certainly good news that the family is alive and well in the U.S.,” according to Prof. Frank Furstenberg, a professor of sociology at the Population Studies Center of the University of Pennsylvania.
“The family is very actively involved in supporting both the elderly and the young. It’s a challenging task and it’s going to get more challenging,” he added.
By 2050, the United Nations estimates that the amount of Americans aged 65 and above will almost double with the median age rising to 41 from 37.
To contrast, the study was also done in two other nations: Italy and Germany. These two have the world’s oldest populations, barring Japan. A projected third of residents in Italy and Germany will be 65 by 2050.
The Germany and Italy, the median age expected to be 51 and 50, respectively, with both having as many 65 and over residents as the U.S. in 2050.
The survey was done from October 27 to December 18 with 1,500 to 1,700 adults participating.
Many adults were found to be stuck between providing for a minor child, aiding an adult child, or raking care of a 65 or older parent. Nearly 66% of Italians were stuck in this predicament, as opposed to only 41% of Americans and Germans.
“Despite the added demand on this group … those who are part of the sandwich generation are as likely as other adults to say they are generally happy with their lives,” The Pew report said. “They are also no more likely than other adults to say helping an aging parent is stressful.”
Different cultural opinions were also found in what aid their governments should provide for elder residents.
“When it comes to who should be primarily responsible for people’s financial well-being in their old age, Italians and Germans point to the government, while Americans say families or individuals themselves should be mostly responsible,” According to study co-author, Juliana Menasce Horowitz.