Grandparents as childminders

Research out today shows that more grandparents are providing childcare as family finances continue to be squeezed.

Grandparents stepping up to help with child care

Grandparents spend an average of 8.2 hours a week looking after grandchildren Credit: ITV Cymru Wales

New research shows that across the UK the number of grandparents providing childcare has grown by 60% and now 75% of grandparents help out with looking after their grandchildren.

In Wales 18% say they dip into their savings to pay for their grandchildren, whilst 14% of parents say that the squeeze on family finances mean they have no other option but asking for help from grandparents.

The research, carried out by over 50s specialist insurance provider RIAS, estimates that the 'grandparent army' saves Britain £16.4bn annually.