economie

The true value of grandparents: 2 families explain how much you can save with free childcare

Carol and John Mooney, parents of Jessica Pepi, care for their baby granddaughter, Charlotte.

  • Daphne Deveraux, an advocate for improved childcare, said parents with family nearby are better off.
  • The employment lawyer said it’s a key factor in generational wealth, both financial and emotional.
  • BI spoke to a mom who paid $4,000 monthly for a nanny and one whose parents do the job.

When millennial Jessica Papi was trying to get pregnant, she discussed future . “My business would be at a very different level now if I’d had backup from my parents,” she said.

She praised the subsidized childcare provision in parts of Europe, such as France. She said she hoped the government and private employers would listen to working parents dealing with a personal childcare crisis in the US.

“It’s one of the most important financial and societal issues of our time,” Delvaux said.

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Read the original article on Business Insider

https://www.businessinsider.com/having-grandparents-care-for-grandchildren-can-cause-wealth-divide-2024-8