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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.