“Grandparents Are a Major Economic Force: AARP,” by Michael S. Fischer, ThinkAdvisor

“The number of grandparents in the U.S. has increased by 24% to 70 million since the turn of the century, and they spend an average of $2,562 a year — about $179 billion — on their grandchildren, AARP reported Tuesday. … AARP’s research showed that grandparents have four to five grandchildren, on average, down from six to seven in 2011. Forty percent of grandparents are in the workforce today, up from 24% in 2011. … Nine in 10 grandparents in the study said they provided some kind of financial support to their grandchildren.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Note the handwriting on the wall and plan now so you can continue helping grandchildren until it comes time for them to help you with long-term care.