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But grandparents are realizing they can no longer rely on either.
For one thing, they’re going to live a lot longer, most of us for another 20 to 30 years. That could be because about a third of the baby boomers are college graduates who became professionals and white-collar workers.
The following is an excerpt from Chapter 5, : In colonial America, life expectancy was short, so there weren’t that many grandmothers.
But those women who did survive into old age were like early grandmas: they watched over the toddlers so both parents could work their farms and have more babies.
, she uses those skills to explore what it means to be a grandparent today.
She puts anecdotes and lessons from her own life — as mom to Taylor and now grandma to Jordan and Chloe — in the context of research from scientists, doctors, anthropologists and psychiatrists.
Currently, she runs her own content strategy and development consultancy.
On one of my trips to California, as I was racing to be with Jordan, I thought about what it means to grow up.
I decided it means that you watch time flow backward.
Most 60- and 70-year-olds have more money than 40- and 50-year-olds, which is something we haven’t seen before. The mean household income of boomer grandparents is about ,000, while their offspring’s is 9 percent lower. Consider this: If you retire at 62, your Social Security benefit will be less than ,000 a year; wait until you’re 70, and it jumps to ,000. No wonder so many keep working, especially when they’re spending more than they ever planned to caring for their own aging parents (more and more of whom are living into their 90s) and at the same time helping support their children and grandchildren. The hitch to grandparents’ working is that they don’t get to see their grandchildren enough.
We’re continuing to contend with the same work-life balance issues we used to, and our daughters do now.