Tag: grandparents
More than one in five older Americans is living with other adults – adult offspring, parents, grandchildren, extended family, friends – who are not their romantic partners. A new study examining the housing costs paid by retirees with these arrangements finds a big gulf in who is being helped. The older adults who are guests…
The brief’s key findings are: Grandparents raising grandchildren are often under financial stress but – without legal custody – tend to get little formal support. Importantly, Social Security child benefits are only available to those who are legal dependents of Social Security beneficiaries. In contrast, the IRS does not require legal custody to claim a child…
