The reason pensioners are avoiding booking holidays

Oct. 6, 2024 - The Telegraph

Grandparents are avoiding booking holidays so they can save money to give to their grandchildren, a new survey suggests. One in seven grandparents (16 per cent) are forfeiting holidays so they can financially support their youngest loved ones, the poll commissioned by cruise company Ambassador Cruise Line indicated.

The survey suggested other ways grandparents are making sacrifices so they can pass on more cash include holding back on socialising with friends (12 per cent) and remortgaging their home (8 per cent). The poll also indicated 40 per cent of people in the UK have turned to their grandparents for money, while grandparents who spend time looking after their grandchildren clock up an average of 24.

6 hours of childcare per month even though 38 per cent receive nothing in return. Ambassador Cruise Line has launched a campaign for Grandparents’ Day - which falls on Sunday - to be afforded the same status as Mother’s Day and Father’s Day.

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