Sandwich generation in UK spread too thinly - LV=

Adam Saville
clock • 2 min read

Those caring for children and older relatives are under financial strain, research finds

It is estimated that there are 2.4 million people in the UK - known as the sandwich generation - caring for their children as well as their elderly relatives at the same time in life. According to new research from LV=, this section of society - typically aged 40 and 60 years - widely lacks financial confidence and many are unprepared for a potential shock to their income. More than half (52%) are concern about the financial impact a serious illness would have on either themselves or their partner (compared to the national average of 35%), while they are also nearly twice as likely to...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Income Protection

Working2Wellbeing joins IPTF

Working2Wellbeing joins IPTF

Eighth member for 2025

Cameron Roberts
clock 04 April 2025 • 1 min read
The return of redundancy cover and its importance

The return of redundancy cover and its importance

Demand looks set to remain high

Kesh Thukaram
clock 02 April 2025 • 3 min read
Interactive video: Addressing client income protection concerns

Interactive video: Addressing client income protection concerns

How do you engage with clients to help them understand the value of income protection?

Scottish Widows
clock 14 March 2025 • 1 min read