New Research on Grandfamilies: The Resounding Resiliency of Grandfamilies: Financial Stories from Older Relatives Caring for Children in Lower-Income Communities

Resource Information

Author(s): Pamela Chan & Jaia Peterson Lent
Date Published: September 2015
File Type: PDF

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Published by CFED & Generations United

To deepen our understanding of the financial situations facing grandfamilies, particularly those in low- to moderate-income households, Citi Community Development convened Generations United and CFED to interview grandparent caregivers. The purpose of these interviews was to gain an understanding of grandfamilies’ individual household finances, including how they earn and spend money, what financial products they use to transact and store money, what challenges they face and what strengths they draw upon. Their stories open a discussion about how organizations that offer social or financial services to grandfamily caregivers can help build financial stability and increase mobility for these multi-generational families.