US: Plan For Parenting Again: Financial Tips on Raising Grandkids (Commentary)
GOBankingRates – October 06, 2021
The U.S. Census Bureau’s 2016 American Community Survey, the most recent available, showed that more than 2.5 million grandparents nationwide currently take on primary caretaker roles for their grandchildren. The same study revealed that 482,121 of them are living below the poverty income level. With the average annual cost of raising a child falling between $12,350 and $13,900, according to U.S. Department of Agriculture estimates, raising grandchildren can strain grandparents’ budgets to the breaking point. But there are steps you can take to lessen the impact.
https://www.gobankingrates.com/saving-money/family/plan-parenting-again-financial-tips-raising-grandkids/