sandwich generation

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A popular term referring to the generation of people who provide care for both their parents and their children, so called as they are 'sandwiched' between the two

sand·wich gen·er·a·tion

(sand'wich jen'ĕr-ā'shŭn)
A term used to describe a generation of people who care for their aging parents or other relatives while supporting their own children: essentially "in the middle;" hence, the term sandwich.