Financial resources for grandparents raising grandchildren
Dear Savvy Senior: Are there any types of financial assistance programs that can help grandparents who are raising their grandkids? I have two grandchildren who are about to permanently move in with my husband and me, and we could use some help. — Parents Again
Dear Parents: When it comes to raising grandkids, you definitely have plenty of company. Across the country about 5.8 million children are living with their grandparents, as the parents struggle with a variety of problems such as financial hardship, drug and alcohol addiction, prison time, domestic violence, divorce and more.
To help with the day-to-day expenses of raising grandkids, there are a variety of government programs and tax benefits that can make a big difference in stretching your budget. Here’s where to look for help.
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