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The Sandwich: Supporting Your Parents, Your Kids and Yourself

Friday, 1 Aug 2008 | 3:57 PM ET
OTM Web Extra
CNBC's Carmen Wong Ulrich helps viewers manage their personal finances in this On the Money Web Extra

Joel from Wyoming is feeling the pressure of the "sandwich." He's got his elderly parents to worry about -- one of whom might be moving into long-term care -- a daughter in college and another son about to graduate high school, not to mention his own retirement just around the corner. Where is the money to pay for all this going to come from? It's a question many Americans face; watch the video to find out what Carmen and the On the Money desk advise.