Grandparents - reasons for financial assistance for grandchildren
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.
Grandparents - reasons for financial assistance for grandchildren
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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Source

Release date

September 2012

Region

United States

Survey time period

April 4-11, 2012

Number of respondents

1,008 respondents

Special properties

Grandparents aged 45 and older

Method of interview

Online interview

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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