old chilldren with young children and old parents= no time no money

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An honorable member of the Coffee Shop Has Just Posted the Following:

McDonald kids party children, Gen X &Y, are facing hard time .....


Families paying the price of a new financial order

Read more: http://www.smh.com.au/national/famil...#ixzz321ijTSX0


Life just got a little squeezier for people in middle age. Already wedged between the demands of paid work, dependent children and ageing parents, changes forecast by this week's federal budget have forced them firmly into the ''heavy lifting'' corner.

With educational expenses set to increase, the kids are likely to stay in the family home longer. At the same time, support for their elderly parents has been whittled down. They'll be paying more to see a doctor and more to fill up the car while their family tax benefits diminish. Oh, and if they happen to be born after 1965, they will be working until they're 70 before they can get the age pension.

There is no respite for generation squeeze, with pressures simply mounting for people in their 40s and 50s, and women generally doing the heaviest lifting of all, according to Graeme Hugo, director of the Australian Population and Migration Research Centre at the University of Adelaide.

''The load falls disproportionately on these women who straddle the younger baby boomers and the older Gen X-ers,'' he said. ''They have multiple demands on them.''



His observation is supported by the findings from the Australian Work and Life Index, compiled by the University of South Australia's Centre for Work + Life.

Women aged 35 to 44 have the worst work-life balance, but those who are carers for both children and others fare worst of all.

Sara Charlesworth, associate professor at the Centre for Work + Life, said this group was already pushed to the limit with changes flagged in the budget expected to weigh heavily.

''These people are always rushed and pressed for time because they are juggling multiple responsibilities,'' she said.

''That affects their capacity for social interaction, relaxation, exercise. All that gets pushed aside.

''Now we have government policy which is withdrawing financial support at the same time as it's creating an extra care burden for families who will be expected to absorb that.''

Stephanie Cunio, who with her partner Andrew Scarborough has three children aged between four and 11, knows what it's like to juggle multiple responsibilities.

The Sydney couple provide much of the care for Ms Cunio's 84-year-old mother, who is in an aged-care hostel


Read more: http://www.smh.com.au/national/famil...#ixzz321iD2v7U


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