Grandparents are not only important for cuddles, cakes and good advice, they are also key to keeping the family economy going according to new research.
A recent study revealed that grandparents contribute £11 billion in childcare each year with many, perhaps unsurprisingly, not receiving any formal payment for their time. In providing this service grandparents are enabling their own children to continue working so that they can meet the rising cost of living.
Peter Corfield, Managing Director at RIAS, which conducted the research told The Telegraph: “The unstable financial climate and the rise in childcare costs has meant more and more parents have to return to work earlier than they have had to in previous years and grandparents are providing a fundamental benefit to UK families.”
“If we were to pay UK grandparents for the childcare they provide it would equate to £11 billion each year, which shows the massive contribution grandparents are giving every day.”
In addition to the financial support grandparents provide to their families, it has also been proven that children, who spend regular time in the care of their grandparents, as opposed to in nurseries, develop better emotionally and often have a better grasp of vocabulary by the time they reach school.
To celebrate the contribution made by grandparents, the charity Age Concern introduced Grandparents’ Day was to the UK in 1990. The occasion offers the perfect opportunity to thank your grandparents for all the wonderful work they do.
This year Grandparents’ Day falls on Sunday 7th October so why not celebrate your grandparents by entering our competition to win them a beautiful floral gift? To enter just visit the Interflora Facebook page before 5th October 2012 and tell us what makes your grandparents so special.
There are also a fantastic range of gifts available on the Interflora website; from gourmet hampers to indoor and outdoor plants, beautiful bouquets and personalised gifts, you’re sure to find the perfect way to send your love this Grandparents’ Day.
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