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Blogger Drake Peabody ruminates on the rising age of first-time parents and grandparents and how this will lead to greater caring responsibilities for the so-called sandwich generation.
Let’s go on a journey together as we explore the impact of elderly caring.
To start with, let’s take a step back and look at the average lifespan of people in the UK from 1971 to 2011 along with the average age people start having children.
1971
o Average age of parents: Fathers = 29.6 years | Mothers = 26.6 years
o Average life span: Males = 69.0 years | Females = 75.3 years
2011
o Average age of parents: Fathers = 32.6 years | Mothers = 29.7 years
o Average life span: Males = 79.0 years | Females = 82.8 years
From Office for National Statistics data on births, deaths and marriages and life expectancy changes, we can see that in addition to living longer, society is waiting longer to have children which means we will most likely have the responsibility of helping care for elderly people in our lives. For example, when I was born my grandparents were in their mid-50s compared with my son whose grandparents were in their late 50s to mid-60s. What this means in practical terms, along with longer life expectancy, is that there is a much higher probability that in addition to raising a child, my wife, Kara, and I will also need to care for our parents in some way.
In addition to juggling a teenager’s busy schedule (school, sports, bills, etc.) we will most likely be doing similar things (doctor appointments, bills, technology, etc.) for at least one of our parents along with the mental burden of watching their health deteriorate over time.
This additional caring dynamic is something that most parents of my generation will be faced with for the first time and therefore we will be navigating uncharted territory. As we journey through these new dynamics, we need to be mindful that compassion, patience and an open mind will be foundational to success.
As we wrap up today’s journey together, I encourage you to reflect on how this dynamic may impact you over the coming years and to keep in mind that while you may not please everyone every day, your love and time together with your family is priceless in the moments you have.
**Drake Peabody is a global finance leader as well as a Trustee with Equality Starts at Home, a charity focused on creating a world where equality at home is a reality for all. In addition to this, Drake serves as a Trustee for Village Water, is a member of the Leaders Plus Network Council, and a diversity and inclusion advocate with Men For Inclusion.
Drake and his wife, Kara, are both American and have called London home since 2018 and welcomed their son at the end of 2020. In his free time Drake enjoys cooking, spending time with friends and family, going to the cinema, and staying active.