8 Surprising Facts About Grandparents and Legacy
One of the keys to successful legacy? Grandparents. Grandparents are the keepers of the story, and they help reinforce lessons of the parents while providing yet a different perspective. As much as possible and with the right circumstances, it’s great to involve grandparents in developing children.
With that in mind, here are 8 facts about grandparents and legacy (from www.grandparents.com)¹:
- 50 million households—By 2015, the number of grandparent households was expected to reach 50 million.
- It’s a great role—72% think that being a grandparent is the single most important and satisfying thing in their life.
- They are curious—71% say reading is a favorite activity, and 86% read a newspaper online or in print.
- They are online—75% are online, 70% use search engines, 56% share photos online, and 45% use social networks.
- They have money—They control 75% of the wealth in this country and have the highest net worth of any other age group.
- They are generous—They account for 45% of cash contributions to charitable organizations and for 42% of consumer spending on gifts. (See this article: How the Aging Population Will Affect Giving.)
- They support their grandchildren—This group spends $52 billion on their grandchildren alone.
- They want time—60% live close to their grandchildren, and 45% wish they could live even closer.