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What is the sandwich effect?
Supporting adult children is causing boomers save less savings than they require. “The online survey of 523 millennials (aged 18 to 34) and 365 non-retired Boomers (aged 52 to 70) was completed online between Oct. 21 and Nov. 3, 2016. The margins of error for these samples is +/-4.3%, 19 times out of 20 for the millennials and +/- 5.1% 19 times out of 20 for boomers.” The article continues by discussing this requires some preparation. TD provides recommendations to discuss h