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GoodToKnow
Lifestyle
Charlie Elizabeth Culverhouse

74% grandparents providing financial support for grandchildren - this is the most common expense (it’s not childcare)

Grandparent and granddaughter counting money.

New research has found that 74% of parents and grandparents are having to financially support their children and/or grandchildren- and the most common expense they're helping out with might surprise you.

The cost of everything is rising and there are hardly any signs suggesting that these price increases are going to slow down, let alone stop. The cost of childcare, the price of nursery, the general cost of raising a child - it's all going up. But it's easy to forget that once you don't have to buy nappies, or doll out pocket money, or pay for various hobbies and clubs, that your then grown-up children will likely still need financial support from you. 

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