Women caregivers face financial challenges

On March 8, we observe International Women’s Day. Although this event celebrates women’s achievements, it’s still true that women, especially caregivers, face significant financial hurdles. How can these challenges be met?

To begin with, let’s look at some concerning statistics connected to American women in the “sandwich generation” — those who care for children and parents or other relatives — from a study by Edward Jones and research firms NEXT360 and Morning Consult: Nearly half of women report feeling financially strained.

Almost two-thirds of women say caregiving duties have harmed their ability to save for their own financial goals.