Tuesday, September 29, 2009

Recent Grandparents Survey

The MetLife Mature Market Institute recently published a survey about grandparents. Highlights of this report include:
  •  63% of grandparents provided financial support for their grandchildren in the last five years.
  • Only 32% of grandparents gave their children financial advice (such as start saving early in life).
  • 26% of grandparents provided money for their grandchildren's education.
  • 25% reported that they increased their financial support of grandchildren due to the poor economy.
  • 22% believed that providing this money had a negative effect on their own financial situation.
This survey polled 1,077 U. S. adults aged 45+.  More information about this survey can be found here

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