Many baby boomers have not adequately saved for retirement and will rely on social security benefits that average around $21,000 per year. Over 40% of Americans aged 55-64 had no retirement savings in 2022, while 30% of those over 65 have incomes lower than $27,000 per year. Millennials and Gen Z adults are experiencing financial and time strains due to the responsibility of caring for their aging parents. Approximately 23% of Americans find themselves in the "Sandwich Generation," balancing support for both their young children and parents over 65, often leading to reduced work hours or significant annual spending on elder care.