Torn Between Two Loves: Life in Singapore's Sandwich Generation

Written by: Teo Feng Ying

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At 44, Pei Ling has been part of the sandwich generation since her first child was born 15 years ago. As she juggled raising children while supporting aging parents, her journey offers a glimpse into what life is like for many Singaporeans caught in this in-between stage.

Who are the sandwich generation in Singapore?

The sandwich generation in Singapore refers to adults who care for both their aging parents and their own growing children, often at the same time. This dual caregiving role brings added stress not just financially, but also emotionally and mentally.

Anyone, at any age, can find themselves in the sandwiched generation, it just looks different depending on their lifestyle and responsibilities.

The Hidden Financial and Emotional Strain

The latest Household Expenditure Survey reported that annual spending on pre-primary education among Singaporean and PR families reached $1.3 billion in 2023, up from $1 billion in 2018. But the pressure goes far beyond dollars and cents.

“There’s always a bridge we’re trying to build,” Pei Ling reflects. “Between the old generation’s way of doing things and the new technology and thinking we have today.”

Differences in parenting approaches often create friction between generations. While today’s parents might follow research-backed methods or modern routines, grandparents may view these as unnecessary or overcautious. This adds emotional stress to an already heavy load.

I felt the heavy responsibility to provide financially for my family, care for aging parents who had medical needs, and raise young children who needed my attention.

Pei Ling recalls being a young mum at 29, just as she was building her career. She faced the challenge of balancing multiple responsibilities.

Planning Ahead for the Sandwich Generation

So how can members of the sandwich generation reduce the stress they are facing?

A key step is to ensure sufficient coverage, such as integrated shield plans or lump sum assured coverage. This applies not just to the individual, but also to both older and younger dependents. With proper protection in place, the financial burden can be significantly reduced if unexpected events occur.

It is also crucial to plan ahead for retirement. When one’s retirement is secured, it reduces the risk of passing the caregiving burden onto the next generation. Planning early helps ensure that you can enjoy life later without being financially dependent on your children.

Teaching the Next Generation

As technology evolves and the cost of living rises, it is more important than ever to teach children the value of money.

“Now that everything is cashless, kids rarely handle physical money,” Pei Ling points out. “It makes it harder for them to understand spending.”

Helping children learn basic financial literacy, from budgeting to saving, gives them the tools and knowledge to support themselves when they grow up. And hopefully, it breaks the cycle, ensuring they are not sandwiched the way we are today.

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Source: Straits Times: Increased pre-school expenses contribute to higher education spending among S’pore families

Disclaimer: This content is for informational purposes only and does not constitute legal and financial advice on any subject matter. It should not be relied upon as financial advice.