Uncertainity regarding caregiving
Recently the house voted to cuts to Medicaid. Unfortunately our government wants to cut Medicaid, food stamps and social security. These entitlements are lifelines for many of our family members we care for as members of the sandwich generation. My dad has long term Medicaid, gets a monthly social security check and is on food stamps. Any cuts would definitely hit close to home. That adds pressure on me as his caretaker to supplement any lost funds on this he needs. I still have my own financial needs to address like mortgage, high utility bills and potential increase in property taxes.
Any government cuts would be a disaster. In social work, we use the term safety planning. Members of the sandwich generation now more than ever to safety plan when it comes to our finances. Find ways to cut back. It could be simple things like change cell phone carriers, make coffee at home compared to buying daily coffee. You would be surprised how much you'll save.