Today's Parents Can Find Themselves in the ; Paying for a Child's

question 31

Multiple Choice

Today's parents can find themselves in the ; paying for a child's college tuition, worrying about the financial burden of eldercare for aging parents, while trying to save for their own retirement.

• A) aging bind
• B) double caretaking role
• C) financial "double pinch"
• D) "senior sandwich generation"

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Definitions:

Strategic Alliances

Partnerships between two or more organizations to pursue a set of agreed goals or to meet a critical business need while remaining independent organizations.

Clinical Research

The study of health and illness in people, aimed at improving knowledge of diseases, developing treatments, and advancing medical care.

Health Insurance

A system whereby individuals pay premiums or taxes in exchange for coverage of medical costs, offering protection against high or unexpected healthcare expenses.