Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

sandwich generation

The sandwich generation refers to those facing the dual pressures of looking after their young children and elderly parents. This trend is expected to grow as people delay having children.

According to figures published by the US Pew Research Centre in 2013, almost half of adults in their 40s and 50s have a parent aged 65 or older and are either raising a young child or financially supporting a grown child. The study found one in 10 US adults in their 40s and 50s with a parent aged 65 or older...