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.