We live in a society that is defined by a dense network of inter-generational interdependence. Consider this…
The Pew Research Center reported last fall that these days, one in ten children live with a grandparent. This number is up considerably since the start of the recession. At least 50% of grandparents have been a caregiver to a grandchild in the past year.
For the most part, grandparent caregivers have very limited financial resources. Nearly one-in-five (18%) are living below the poverty line, while 47% have household incomes that fall between one- and three-times the poverty line. In comparison, among the population ages 50 and older, 8% are below the poverty line, and 32% are living on an income that is between one- and three-times the poverty rate.
It’s very difficult to find national numbers for Medicaid, but this pdf report shows 30.3% of children nationwide were covered by Medicaid/CHIP, and 10.2 percent of children were uninsured. Grandparents raising grandchildren DEPEND on health care programs for younger people, to insure their families.