GoKawiilForget daycare and college savings. A new survey finds one everyday expense is putting an especially big dent in family budgets. More than 3 in 4 parents say relying on Boomer grandparents is essential to afford raising kids
Raising kids has gotten so expensive, parents are turning to an unexpected lifeline
Why This Matters
The rising cost of raising children is pushing many parents to lean on grandparents for financial and logistical support, highlighting a broader affordability crisis in family life. This shift signals changing family economics and could have ripple effects on how households budget for childcare and related expenses.
Key Takeaways
- Everyday costs, not just daycare or college, are straining family budgets.
- Over 75% of parents say grandparent support is essential to affording child-rearing.
- The trend reflects a broader multigenerational shift in how families manage rising expenses.
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