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"How Can You Retire When You Still Got a Kid in School?": The Economics of Raising Grandchildren
Major Area of Focus
Other
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This paper investigates the adequacy of economic and financial resources for grandparents who are raising their grandchildren.
Secondary area of focus
Financial Services
Short Abstract
In this paper, we use qualitative data gained from interviewing grandparents who are raising their grandchildren. The purpose of the study was to investigate the adequacy of economic and financial resources for these grandfamilies. Results indicate hardships for many of the grandparents interviewed, especially in finding governmental services to help them, maintaining or increasing work hours, stretching dollars that were planned to cover only the grandparents' retirement needs, and general financial stress for these grandfamilies. Grandparents receive help from their own work efforts (both in the workplace and in household production), governmental programs, their own work efforts, community non-profit programs, friends, and other family members.
Corresponding Author
Deborah C Haynes, Ph.D., Montana State University
Job Title
Associate Professor
City & State (or Province & Country)
Bozeman, MT 59717
Additional Authors
Sandra Bailey, Ph.D., Montana State University
Job Title
Professor
City & State (or Province & Country)
Bozeman, MT 59717
Bethany Letiecq, Ph.D., Montana State University
Job Title
Associate Professor
City & State (or Province & Country)
Bozeman, MT 59717