Reasons for financial assistance for grandchildren from grandparents 2012

Grandparents - reasons for financial assistance for grandchildren

by Statista Research Department, last edited Sep 30, 2012
Reasons for financial assistance for grandchildren from grandparents 2012 This statistic shows the results of a 2012 survey among American grandparents regarding the reasons for financial assistance for their grandchildren. 10 percent of respondents said they helped their grandchildren to pay off debt.
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Grandparents - reasons for financial assistance for grandchildren

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Share of respondents
Clothing43%
General support33%
Education29%
Life event21%
Traditional savings account / fund15%
Car purchase / lease10%
Pay off debt10%
Purchase investment8%
Rent8%
Medical bills8%
Home down payment4%
Purchase life insurance4%
None of these14%
Share of respondents
Clothing43%
General support33%
Education29%
Life event21%
Traditional savings account / fund15%
Car purchase / lease10%
Pay off debt10%
Purchase investment8%
Rent8%
Medical bills8%
Home down payment4%
Purchase life insurance4%
None of these14%
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by Statista Research Department, last edited Sep 30, 2012
This statistic shows the results of a 2012 survey among American grandparents regarding the reasons for financial assistance for their grandchildren. 10 percent of respondents said they helped their grandchildren to pay off debt.
Show more
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