Grandparents save families £22bn a year

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This 459-word blog post looks at new research from insurer SunLife which found four in five grandparents are providing some form of childcare for their grandchildren. Written on 6th October 2019.

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Article preview: Grandparents play a significant emotional and financial role. According to new research from insurer SunLife, four in five grandparents are providing some form of childcare for their grandchildren. As a result, grandparents save a collective £22bn in childcare costs for UK families. The poll of 2,000 grandparents found that 85% provide some form of support. 45% of grandparents provide babysitting for their grandchildren, and 34% provide childcare during the school holidays.