Tuesday, June 04, 2019
How Much Do Grandparents Spend on Childcare | POPSUGAR Family
How Much Do Grandparents Spend on Childcare | POPSUGAR Family: Many grown children are hitting up the "bank of mom and dad" to fund major adult milestones. In 2018, about 1 in 5 home purchases were funded partially by parents. And practically all grandparents in America — 94 percent — provide some financial support to help cover the cost of raising their grandchildren. Today, millennials don't just need their parents to help them buy a house; they need their help to fund childrearing, too. While the intergenerational dependence can foster family bonds, it also highlights just how expensive it is to raise a kid in America.