Kids, Be Nice to Grandma

From Are You Coddling Your Grandkids?, an article in the Saturday/Sunday ( September 15-16, 2012) edition of the Wall Street Journal:

All told, there were an estimated 65 million grandparents in the U.S. in 2011, according to independent demographer Peter Francese.  Within eight years that number is expected to reach 80 million, or nearly one of every three adults.

There are no federal data tracking grandparents’ gifts to grandkids.  But in 2010, households headed by people ages 55 or older spent $9.7 billion on infant food, equipment and clothing, along with toys, games, and tricycles for older kids — a 143% increase from 10 years earlier.  And they spent $2.4 billion on elementary and secondary school tuition, triple their contribution in 2000, according to the Bureau of Labor Statistics.  A third of the grandparents surveyed by MetLife in April who said they give to their grandkids said they did so despite worries about the impact on their own finances.

Veeeery interesting indeed!

Stay tuned.

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