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cover of episode Managing the Job Market and Your Parents’ Finances: Tips for the Sandwich Generation

Managing the Job Market and Your Parents’ Finances: Tips for the Sandwich Generation

2025/3/20
logo of podcast NerdWallet's Smart Money Podcast

NerdWallet's Smart Money Podcast
AI Deep Dive AI Chapters Transcript
People
A
Anna Helhoski
E
Elizabeth Ayoola
E
Elizabeth Renter
K
Kate Ashford
S
Sean Pyles
作为 NerdWallet 的《Smart Money》播客主播，Sean Pyles 提供了深入的财务和保险知识，帮助听众做出明智的财务决策。
Topics
Sean Pyles和Elizabeth Ayoola：本期节目关注“三明治一代”的财务困境，即同时照顾年迈父母和孩子的经济压力。我们将讨论如何管理父母的财务，以及如何应对工作市场变化带来的经济影响。 Anna Helhoski和Elizabeth Renter：当前公众对经济形势的感知与实际数据存在差异。虽然数据显示就业市场稳健，但许多人，尤其是年轻人，感受到工作的不安全感和薪资增长滞后于通货膨胀的压力。求职过程中的负面经历，例如被“放鸽子”和申请石沉大海，也加剧了这种压力。 Kate Ashford：作为一名“三明治一代”成员，我分享了个人经验，说明了同时照顾年迈父母和孩子的挑战。这包括寻找和管理家庭护理人员，处理医疗费用，以及与父母进行关于财务和医疗决策的艰难对话。在财务方面，我们需要优先考虑哪些资金来源，以及如何与医疗保险系统互动。遗产规划和财务委托书对于简化这一过程至关重要。此外，我还强调了在这一过程中照顾好自己和孩子，以及寻求专业帮助的重要性。

Deep Dive

Chapters
The labor market's health is a complex issue, with a disconnect between how people feel and what the data shows. While data indicates a cooling market with stabilized hiring and quit rates, personal experiences and perceptions of job security vary widely, particularly among younger workers.
  • Disconnect between public perception and economic data regarding labor market health.
  • Younger workers feel job market shifts more acutely.
  • High quit rates and high hiring rates during the pandemic shifted to lower rates.
  • Job seekers experience ghosting and lack of response to applications.
  • Inconsistent job listings create challenges for job seekers and employers.

Shownotes Transcript

Learn how to juggle finances for aging parents and kids, plus what the latest labor market data means for your wallet.

How do you navigate the financial challenges of caring for aging parents while raising kids? How should the job market impact your financial decisions? Hosts Sean Pyles and Elizabeth Ayoola break down the realities of the sandwich generation and the latest labor market trends shaping Americans’ financial outlook.

They begin with a discussion of how economic sentiment differs from reality, exploring new data on job security, wage growth, and job seekers' frustrations. Senior news writer Anna Helhoski and NerdWallet economist Elizabeth Renter join to discuss how people’s perceptions of the labor market compare to actual employment data and why younger workers feel the impact of job market shifts more acutely. Then, NerdWallet Medicare authority and certified senior advisor (CSA)®  Kate Ashford joins to tackle the financial challenges of managing aging parents’ finances while also raising children. They discuss essential conversations to have with loved ones, strategies for handling medical and long-term care costs, and the importance of estate planning and power of attorney.

Read NerdWallet’s new report looking at our perception of how things are relative to what they really are: https://www.nerdwallet.com/article/finance/labor-market-sentiment) 

In their conversation, the Nerds discuss: managing parents’ finances, sandwich generation financial planning, how to care for aging parents financially, power of attorney for parents, how to talk to parents about money, estate planning for parents, best way to pay for long-term care, Medicare vs Medicaid long-term care, financial help for caregivers, how to manage caregiving costs, labor market trends 2025, job market outlook 2025, job market for Gen Z, wage growth vs inflation, worker sentiment survey, hiring trends 2025, job security in 2025, financial stress of caregiving, balancing kids and elderly parents, generational wealth planning, how to talk to family about money, financial stress and mental health, caregiving while working full-time, and budgeting for multi-generational households.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]).

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