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grandparents
Trends
- 137% of parents now rely on grandparents for financial help▼The affordability crisis made 37% of parents count on financial help from parents or grandparents
A new report finds that 37% of parents count on financial help from their own parents or grandparents as the affordability crisis strains household budgets. The figures point to a growing reliance on intergenerational support to cover everyday costs, with families increasingly dependent on older relatives to make ends meet amid rising prices and expensive housing.
- 2Grandparents keep working, 'grandchild leave' emerges●Grandparents have always helped out with childcare, but now so many of them need to keep working that 'grandchild leave'
With more grandparents remaining in the workforce past retirement age, Japanese employers are beginning to offer 'grandchild leave', allowing older workers to take time off to help care for their grandchildren. The shift reflects both Japan's childcare shortage and the growing number of older people who want to keep their jobs while supporting working-age children.