Summary: According to a recent AARP study, 94% of grandparents provide monetary support to grandchildren spending $179 billion annually. ($2,562 per grandparent per year, over $200 monthly). Two-thirds of that $2,562 goes towards expenses like living costs, tuition, and cars. I think the numbers from the survey are vastly underestimated. Most grandparents do not realize just how much money they are handing over to their grand kids. Here are a few financial planning tips for big-spending grandparents.
