'Sandwich generation' of 35 to 50-year-olds are footing the bill for those who don't work, the Bank...

Logo Daily MailDaily Mail
2023-09-19 23:06:58  • 3 mins

A 'sandwich generation' aged between 35 and 50 is footing the bill for inactivity among older and younger people who drop out the workforce, the Bank of England's former chief economist has said.

Andy Haldane said they were paying the price for a surge in economic inactivity those neither in employment nor looking for work much of it caused by a dramatic rise in long-term sickness.

'Right now we've got pressures among the young and pressures among the old, and that's putting pressure on those in the middle,' Mr Haldane told the Daily Telegraph.

He said it meant 35 to 50 year olds were having to shoulder a greater burden of taxes as well as taking on more caring responsibilities.

'The sandwich generation are footing the bill of supporting both the young and the old in financial and non-financial terms,' Mr Haldane added.

Continue read on dailymail.co.uk

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