Net worth of adults approaching retirement age: Personal health, presence of a chronically ill or disabled household member, and out of home caregiving

Using a nationally representative sample of N=3,614 U.S. adults (mean age 55.3 in 2016) from the 2008, 2012, and 2016 rounds of the National Longitudinal Survey of Youth 1979 (NLSY79), we examine longitudinally the impact of personal health status, caregiving, and presence of a chronically ill or disabled (CIOD) household member on total family net worth (TFNW) while stratifying by marital status. Statistically significant repeated measures analysis finds having a limiting health condition was related to a reduction in TFNW for unmarried ($33.7K) and married respondents ($82.8K), as was having a person with a CIOD in the household ($49.0K decrease for unmarried,$79.7K decrease for married respondents). Conversely, being an out-of-home caregiver was related to an increased mean TFNW for both unmarried ($59.2K) and married ($75.4K) respondents. Our findings suggest an adult is at a greater disadvantage with respect to financial preparedness for retirement if they have both a work-limiting health condition and have a CIOD in their household than if they have only one of these characteristics or have neither characteristic. A unique finding of this study is that families with members who are chronically ill or have disabilities have lower and similar total net worth, whether or not the NLSY79 respondent identifies as a caregiver for that person. Implications for promoting equity based on these findings are discussed

The impact of within and between role experiences on role balance outcomes for working Sandwich Generation Women

Women combining paid employment with dual caring responsibilities for children and aging parents, otherwise known as the sandwich generation, experience both benefits and costs related to role participation and quality of life. However, previous literature is inconclusive regarding the impact of this role combination on role balance. In the context of these mixed findings on role balance for working sandwich generation women, this study aimed to explore how within role characteristics and between role interactions are related to role balance for these women. This aim was achieved through the use of a questionnaire administered to 18 Australian working sandwich generation women. Data were analyzed using descriptive statistics and correlation coefficients, with findings suggesting the women studied tended to experience neither role balance or role imbalance. Within-role characteristics, particularly within the mother and family member roles, were related to role balance. In addition, between-role conflict and role interactions involving either the home maintainer or family member roles had the greatest impact on role balance