Magazine article USA TODAY

Grandparents Tend to Overspend

Magazine article USA TODAY

Grandparents Tend to Overspend

Article excerpt

There are 46,000,000 grandparents in the U.S. When it comes to grandchildren, they admit that they are inclined to overspend and buy less rationally than they do for themselves or their own children.

In a survey of The Senior Panel conducted by Research 100, Princeton, N.J., people were asked about their role as grandparents. Sixty-eight percent say visits with grandchildren usually take place in the grandparents' home. Some visits have grandparents filling the role of babysitter, while others are for an afternoon, a day, or an extended visit. Regardless of the reason, when the youngsters come to visit, their arrival has a substantial influence on the food that comes into the house. This is especially true for treats, a category where grandparents will splurge on individual snack items and prepared foods.

In addition to stocking their grandchildren's favorite foods, grandparents acknowledge that the time they spend with them frequently involves laying out money. Activities with grandchildren include taking them shopping; going to the movies, parks, or museums; dining out; or other events that lead to additional buying.

While 40% of grandparents feel they spend just the right amount of time with their grandchildren, 60% say they would like to spend more time with them. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.