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Grandparents save parents £1.3billion a week in childcare costs over the summer holidays, study shows

Grandparents are saving parents £1.3billion a week in childcare costs over the summer holidays, a study shows. Some 43 per cent of the UK’s 14 million grannies and grandads clock up an average of 108 hours over the six weeks in babysitting duties.  A nanny earns about £11.68 an hour, so this saves parents just
bySarah Blake
4 August 2024
1 minute read
Grandparents save parents £1.3billion a week in childcare costs over the summer holidays, study shows
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Grandparents are saving parents £1.3billion a week in childcare costs over the summer holidays, a study shows.

Some 43 per cent of the UK’s 14 million grannies and grandads clock up an average of 108 hours over the six weeks in babysitting duties. 

A nanny earns about £11.68 an hour, so this saves parents just under £1.3billion a week.

Mark Screeton, of finance firm SunLife, which carried out the study, said: ‘Holiday clubs can be really expensive and childminders or nannies even more so. So it’s lucky so many parents are able to rely on grandparents to help out.’

Grandmas save parents £1bn a week in summer childcare .

Stock image: Little girl sitting in the kitchen with her grandparents

Stock image: Little girl sitting in the kitchen with her grandparents

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Sarah Blake
Hi, I'm Sarah Blake, an investigative journalist with a passion for uncovering the truth. With over a decade of experience in journalism, I've dedicated my career to bringing hidden stories to light and holding the powerful accountable. My work has taken me across the country, from small towns to major cities, and I pride myself on my relentless pursuit of facts and justice.
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