






resulting annually in about $179 billion a year in spending.
86% report buying gifts–spending on average about $805 a year.
and while
79% don’t think of themselves as a financial supporter,
94% of grandparents provide some level of financial support.
14% pay for their grandchildren’s basic needs.
20% give money for college expenses.
Which is not surprising considering
95% of grandparents think that their grandkids get a higher education.
Also noteworthy–
gifts when combined with grandchild related travel has caused
13% of grandparents to claim that they struggle to keep up with financial expectations.
Source: AARP
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