Grandparents to provide childcare?

While doing our usual financial media scans over the past few weeks we have stumbled across a theme that warrants highlighting.  We turn our attention to the grandparent generation.  We all know that real incomes (incomes adjusted for inflation) have been stagnant for decades and have in fact been dropping of late.  This trend coupled with the fact that prices keep rising has led to parents being squeezed at both ends financially.  Enter the grandparent who is now often being called upon to provide childcare and outright cash contributions to family raising efforts.  In our view, this is a trend that is entrenched and only likely to gain in prominence over the next few years.  We highlight two articles below that describe the pressures both parents and grandparents are encountering in today’s ‘new normal’ financial world.

Article 1: http://goo.gl/1DK15E
Article 2: http://goo.gl/Sj3C9k

About the authors

Mike Preto and Jason Del Vicario are Investment Advisors at HollisWealth, a division of Scotia Capital Inc. Based in Vancouver, BC, Canada, they work together in bringing a unique approach to managing money to ensure their clients are financially prepared for their retirement. They can be reached at 604-895-3349.

This article was prepared solely by Michael Preto & Jason Del Vicario who are registered representatives of HollisWealth® (a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada).  The views and opinions, including any recommendations, expressed in this article are those of Michael's & Jason's alone and not those of HollisWealth.  ® Registered trademark of The Bank of Nova Scotia, used under license.