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Due To Economic Downturn, Grandparents Providing Financial Support

Tuesday, September 11, 2012 - 6:35 PM
From the Credit Union Times
Sixty-two percent of grandparents have provided supplemental financial support to their grandchildren over the past five years, mostly for education and investments and at an average cost of $8,289 according to a recent study.

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2
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Wednesday, September 12, 2012 - 10:32 AM
Grandparents?? What about all the parents who are supporting adult children who have lost jobs?  I think they only go to the grandparents when and if the parents are under water themselves.  In most cases I would think the grandparents would be deceased by the time most of the children are adults.
1
paoli2paoli21,406 posts since
Aug 10, 2011
Rep Points: 6,150
2. Wednesday, September 12, 2012 - 6:06 PM
I'm aware of several grandparents that provide financial assistance for their grandchildren for education, vehicles, housing and general expenses. We live in unusual times and people are going to do what they can for their family.
1
ShorebreakShorebreak2,695 posts since
Apr 6, 2010
Rep Points: 14,611
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