AARP Multicultural Survey July 2001
and ethnic groups. Some of these distinctions, as well as other particularly interesting findings, are sketched below.
Family Life: Parents and Children Abound
Seventy percent of this generation have at least one living parent, and nearly 4 of every 10 still have children living at home with them. (Thirty-two percent have children under 21 and another 7 percent have adult children in the household.)
Forty-four percent of Americans between the ages of 45 and 55 have aging parents or in-laws as well as children under 21. In this report, such older boomers are termed “squeezed” between parents and children. Asian American members are the most likely to be squeezed.
Just 7 percent live in three-generation households—most commonly composed of themselves, their own children, and their parents or in-laws.
Almost three of every ten (27%) live with only a spouse, and 22 percent of the generation live alone.
Members of the sandwich generation have a positive outlook and remain hopeful that they will enjoy good health and financial security. Americans in this cohort are generally quite satisfied with their lives, and most believe the future looks sunny. The main things they look forward to are economic improvements, retirement, and more leisure. At the same time, they do worry that their health and economic situation could deteriorate.
Even while older baby boomers offer an optimistic outlook, they frequently experience losses. More than one-fourth reported that the past year brought a death in the family, and a comparable proportion indicated that a family member had a major illness. One-fourth also said that a child had left home during the previous year.
Prepared for AARP by Beldon Russonello & Stewart and Research/Strategy/Management Page 4