Business | Business News Parents and grandparents aged over 55 save younger family members £38 billion per year in childcare costs. On average, family members aged 55 and above spend nine hours per week assisting with the care of children or grandchildren in their family. According to the Office for National Statistics , half of working families have two full-time employed parents who rely on extended family for assistance. Research by Legal and General in partnership with the Centre for Economics and Business Research shows 31.1% of parents and grandparents welcomed adult children back home to help them save for a home deposit,…
