The Inclusive Economy
CFED Seeks Your Help in Understanding the Financial Needs of Grandfamilies
By Sean Luechtefeld on 03/12/2015 @ 02:00 PM
According to AARP, an estimated 7.8 million children live in homes where grandparents or other relatives are the heads of household. About 2.7 million of these children are being raised without either of their parents present in the home, and among these children, about 63% live below 200% of the federal poverty line. For many grandparents, the new responsibility for raising their grandchildren comes unexpectedly and often results in financial hardship. Now, in addition to basics like food and housing, they must deal with a host of additional expenses, like buying diapers, school supplies and children’s clothing.
CFED is partnering with Generations United to understand the social and financial services that can best assist these “grandfamilies” as they navigate their shifting family and financial situations.
The first step in this partnership, made possible with generous support from Citi, is to conduct a survey to assess the needs and challenges of this segment of the American population. If your organization serves clients that include grandfamilies—defined for the purposes of this assessment as families headed by grandparents, great-grandparents or other family members of similar generations—we’d appreciate your participation in this survey. Information from the survey will help us to map services available to grandfamilies. It may also help to inform a future resource that will serve the financial needs of these families. The survey should take no more than about 15 minutes to complete.
As always, we appreciate your help, and we look forward to reporting back to you about what we learn and how it will inform our next steps.