Brand new from Generations United:
THE RESOUNDING RESILIENCY OF GRANDFAMILIES:
Financial Stories from Older Relatives Caring for Children in Lower-Income Communities
Grandparents are skilled money managers, they just don’t have enough to stretch when they take on raising their grandchildren, according to The Resounding Resiliency of Grandfamilies: Financial Stories from Older Relatives Caring for Children in Lower-Income Communities, a new report by Generations United, CFED and CITI. Approximately 2.7 million grandparents in the U.S. are responsible for their grandchildren and the majority are missing public supports and personal networks to break the intergenerational cycle of poverty.
Read the report here.