Grandparenting is one of life’s greatest joys — but it can also be surprisingly expensive. According to a Senior List study highlighted by Erin Bendig in “How Much Does It Cost to Be a Grandparent?” (updated July 10, 2025, with contributions from Kathryn Pomroy), grandparents spend nearly $3,900 a year on their grandkids. From college tuition and housing help to gifts, vacations, and daily expenses, these costs add up — and sometimes even reshape retirement plans.

Bendig’s piece explores both the heartfelt generosity and the financial strain that come with supporting younger generations, revealing the delicate balance between love, legacy, and financial security.

Read the full article by Erin Bendig on The Senior List to see how grandparents today are navigating the emotional and financial sides of family giving.

https://www.kiplinger.com/personal-finance/cost-to-be-a-grandparent