Issued in July, The MetLife Report on American Grandparents: New Insights for a New Generation of Grandparents shared positive growth among household incomes (to the tune of $659 billion dollars in the last decade) and the highest level of consumer spending among the general grandparent demographic (i.e. 55-plus).
And this demographic is expanding rapidly: as per the report, nearly one out of three adults will take on the title of grandparent by the year 2020 (for an estimated total of 80 million grandparents). Now that’s good news!
Unfortunately, things haven’t been the same for the adults in the 25-44 age bracket, who suffered a total income loss of $312 billion in recent years. This is one of several factors that has fueled an increase in the number of intergenerational households (either with grandparents moving in, or grandchildren moving out to live with grandparents), which is not altogether a bad thing despite the sometimes unfortunate circumstances leading to these blended homes.
Are you a grandparent, or soon to be one? Check out our free Grandparents & Intergenerational Activities Resource Guide, right here at SeniorsforLiving.com.