New Insights for a New Generation of Grandparents
There are 65 million grandparents in the U.S., an increase from 40 million in 1980. More than one in every four adults is a grandparent. A long way from being dependent, households that are headed by someone 45 to 64 years old command almost half (46%) of the nation’s total household income. If households older than age 65 are added in, the grandparent age share of the nation’s income rises to 60%, which is a full 10 percentage points higher than it was in 1980.