One third of British families will take grandparents on holiday with them this summer to save on childcare costs, new figures suggest.
Some 3.75 million grandparents regularly holiday with their children to provide childcare assistance.
A study by insurers RIAS suggests that holiday ‘nannies’ are part of a growing trend that sees families holidaying in larger groups.
Childcare during the summer holiday is costing parents up to £558 potentially so taking grandparents is saving parents around £806 million.
Janet Connor, managing director at RIAS, said: “Our research shows the extended family holiday is enjoying a comeback and that grandparents really are at the heart of many families.
“As working hours get longer and the impact of previous years’ economic turmoil hangs over us, it looks as though parents are relying on grandparents more than ever before, especially over the long summer holiday break.
“We expect the trend to grow as families look to make the most of their free time together and the spare pairs of hands grandparents provide are certainly a welcome support.”
Half of grandparents who look after their grandchildren in the summer do so in their own house, meaning it is fast becoming a ‘holiday home’ for many children.
In total, six in ten of the 12.5 million over-50s grandparents across the UK – equivalent to 7.5 million grandparents – regularly provide childcare for their grandchildren.
As a childcare provider, have you seen a difference in the amount of families opting to have grandparents assist in childcare duties? Drop your thoughts below to start a discussion!