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Grandparents Raising Grandchildren: A Labor of Love — AARP VIVA

Grandparents Raising Grandchildren

Grandparents raising grandchildren are a growing number in society and according to  several agencies , data, 31% of people are grandparents. Of this percent, 8% are often the established child care suppliers for their grandchildren, not to mention 3% are in reality raising their own grandchildren.

Because this number consistently get higher, retirees that at one time considered their own later ages being a “golden” moment currently have to reconsider exactly how their own day-to-day lives might turn out.

The most prevalent problem is with regards to health. It is one matter to be 20 or so   and being a parent: it’s yet another when you are 50,  or possibly 70. Despite the fact that medical science has generated excellent progress to help you  live for a longer time, plus a lesser number of individuals now drink or smoke cigarettes, this functionality of a more mature physique is just not like a more youthful one. (I will not bore you using health related ramblings and the like. For anyone who is 50 plus,  know very well what I am preaching about!) Nowadays, combine in the 65% weight problems  within the United States additionally, the scenario is a lot more challenging. Maintaining your quality of life in  is essential if you are living  this particular reality. Furthermore, you should give some considerable thinking to what can take place in case your overall health abruptly took a change so you would no longer remain “the parent.”

Following that are usually financial circumstances. For anyone who is presently taking care of their grandchildren, there exists a financial factor scattered in  . It’s most likely on account of your children can’t afford to help. In such a situation, the monetary responsibility remains  with you – being the grandparent – for making ends meet. Exactly what impact may have  or perhaps is  likely to have regarding your retirement life? Would you continue to have a savings account? Do you have stuff you are skipping nowadays simply because you  do not have the money? Speak to other people in addition to your tax person    regarding what programs, tax deductions, etc. you have to be taking.

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{ 1 comment… add one }
  • Chris@Post Falls Day Care May 6, 2012, 8:50 am

    Well, If you are one of these grandparents, you have made numerous sacrifices in order to provide a better life for your grandchildren.

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Joint Physical Custody Vs. Joint Legal CustodyLabor Productivity Slid In First Quarter