More grandparents help with school, childcare costs, risking retirement savings

Grandparents love spoiling their grandkids but more and more families are relying on Grammy and Gramps for financial help. Surveys show nearly half of grandparents say they help pay for things like school expenses, activities, and childcare. And that generosity can come at a cost because research shows nearly 40% of households approaching retirement have no retirement savings at all. Many grandparents say they feel pressure to give, even when it stretches their own budget.