Children are not an investment, break the chain of sandwich generation

Friday, October 14, 2022 Post a Comment

enjoy old age always comfortable or calm without burdening financial problems is everyone's dream. see children succeed in their future lives, to complete the happiness of life as parents in retirement. Can my dream come true by working hard for various family or household needs, plus various life risks that can come anytime and anywhere?

Education savings are the main priority of every person and investor in managing finances. educational needs even occupy the highest portion and are always savings for retirement funds or health costs. The fact is that people are willing to go into debt, which is 28% which is used for children's education while the other 34% is for lifestyle.

while the data shows that only 5.34% of the people already have a pension and it is necessary for around 3.3 million of the 120 million population in Indonesia to think about our old age. The number is very small or there is a chance for more sandwich generation phenomena to occur. a condition where our children must continue to help support their parents who have entered retirement age or at the same time have to meet the needs of their own life or family.

sandwich generation is mostly Indonesian people due to various factors. one of the main is the lack of knowledge about financial planning and the right investment products for the future as desired. it has become a tradition or a common thing in Indonesia when someone finances the family or parents at the same time. this situation keeps recurring in their society or seems to be uninterrupted.

it's time for parents to change the mindset of children is not an investment. children are not obligated to bear the living expenses of future parents. parents cannot expect "returns" for all the costs or obligations they have incurred for their children. let the children later achieve success in the future as well as live happily with their families in the future.

The sandwich generation must break now with people's awareness of finances and learn more about financial planning as self-sufficient as possible. the first step is to find information about financial products or investments that suit your needs or abilities. always remember to add protection in our financial planning so that we can live in peace to achieve our dreams or aspirations without having to worry about various life risks. If needed, consult a financial advisor as well as insurance agents to help me provide the right financial solution.