Dear Sandwich Generation, These Two Things Make It Difficult for You to Escape Financial Problems

Dear Generasi Sandwich, Dua Hal Ini Bikin Kamu Sulit Keluar dari Masalah Keuangan

Dear Sandwich Generation, These Two Things Make It Difficult for You to Get Out of Financial Problems.

"Dream - The term 'Sandwich Generation' introduced by Dorothy A. Miller in 1981 has become popular recently. This generation is described as a group of people who have a dual role in taking care of two generations at the same time, namely their parents and their children. This condition makes the sandwich generation have a quite heavy burden. OneShildt, as a provider of financial planning services, estimates that the productive age group in Indonesia in October 2023 will reach 50 percent, including being categorized as the sandwich generation."

The sandwich generation in Indonesia, which represents the majority of the population, can certainly cause a burden that will have an impact on both physical and mental health, including the financial stability of the family.

"Financial Problem"

Various financial problems can occur for those who belong to this sandwich generation. Cash flow deficits, difficulty saving for retirement, excessive installments, overly conservative financial planning, speculative financial planning, and failure to anticipate health and life risks are some examples of problems that this generation will face.

There is no other solution to avoid the financial problems except by starting to manage income and expenses more organized. The arrangement is done by prioritizing expenses, such as creating a budget using an application, identifying needs and desires, and prioritizing the remaining budget to fund each individual's dreams. Once that management can be implemented, the sandwich generation can start looking for creative ways to shop and overcome income problems.

Certified Financial Planner, Budi Raharjo believes that solving expenditure problems is easier than increasing income. The solution is that the sandwich generation must be able to create new sources of income.

"Indeed, it is easier to solve expenditure problems than income problems because income must create new income. We must be creative in creating additional income to overcome our financial problems,"

Budi said he would be found at Uncle Z Senopati on Thursday, March 7, 2024.

Another solution that can be done is by creating an effective savings strategy, smart investments, anticipating unexpected expenses, borrowing wisely, intelligently, and healthily, and teaching children financial literacy from an early age. According to Budi, financial problems mostly occur due to emotions. The problem becomes more complicated when the sandwich generation enters retirement age, which reduces the opportunity to earn income compared to when they were still in their productive years. To overcome this problem and achieve financial independence, it is necessary to prepare funds for retirement alongside funds for children's education.

"Most financial problems are knowledge or emotional problems when it comes to personal finance. The logic behind financial planning theory is that when a person retires, their chances of earning income and other things become smaller. The chances are much greater when they are still young and productive."
He said.

"Dream.co.id."

Digital Banking Partnership Head of Bank BTPN, Febri Rusli explained that Jenius was born out of the needs of its users, including the 'sandwich generation' itself. Therefore, 41 features in Jenius were built based on the needs of its users. "Its birth, indeed, comes from the needs of the users. Including the sandwich generation. Many features in Jenius are built based on its users," said Febri.

Starting from the problem of the 'sandwich generation', Jenius launches various features that are useful for breaking the chain of generations. Among them are 'Send It', 'X-Card', 'Billers', 'Save It', 'Foreign Currency', 'Mutual Funds', 'Moneytory', 'Jenius Visa Credit Card', and 'Flexi Cash' which can help manage the finances of users, especially for the 'sandwich generation'. Report: Nisya Aprilya

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