Final answer:
The Sandwich Generation refers to individuals who are caring for their young dependents and elderly relatives simultaneously, often reflecting middle-aged adults balancing the demands of multiple generations.
Step-by-step explanation:
The Sandwich Generation refers to individuals with responsibilities for young dependents and elderly relatives. These are typically middle-aged people who find themselves caught between the needs of their growing children and the care demands of aging parents. This scenario is becoming increasingly common as people live longer and young adults face economic challenges that may delay their financial independence. Within the context of generations, Millennials, or Generation Y, were born during the early eighties to early nineties and faced economic challenges during the recession which sometimes forced them to move back in with their parents. The Baby Boomer generation is now in the process of leaving the workforce, often requiring more support from their adult children. These dynamics contribute to the burdens experienced by the Sandwich Generation, impacting both their personal lives and the broader socio-economic landscape.