Full Citation
Title: Measuring Economic Security For Grandparent Raising Grandchildren.
Citation Type: Miscellaneous
Publication Year: 2014
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Abstract: By capturing the actual costs associated with meeting basic needs, a new tool can measure the economic security of grandparents raising grandchildren. In 2011, 7 million U.S. grandparent heads of households had a grandchild living with them. Approximately 3 million had primary responsibility for meeting their grandchildren's basic needs. In New England alone, 237,000 grandparents had grandchildren living with them, and 77,000 were the primary caregivers.[1] But grandparents over 65 often face financial challenges supporting an additional dependent on a retirement income without financial help from the child's parents. Financial hardships can have an impact on the emotional, mental, and physical well-being of both grandparent and grandchildren.[2] Nationally, more than one in four grandparent caregivers lives in overcrowded conditions, more than one in six pays over half their income in rent, and 60 percent who qualify for rent subsidies do not receive any.[3] As for the grandchildren, although 48 percent of those living with grandparents experience some food insecurity, only about 43 percent receive food stamps.
User Submitted?: Yes
Authors: Padilla-Frausto, DI; Wallace, SP
Publisher: Communities and Banking, Federal Reserve Bank of Boston
Data Collections: IPUMS USA
Topics: Aging and Retirement, Family and Marriage, Poverty and Welfare
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