Spending time with grandchildren is often one of life’s greatest joys for grandparents. These moments forge cherished memories that last a lifetime. However, the financial implications of providing childcare, especially during extended school holidays, are becoming increasingly significant.
This year alone, the average daily cost for grandparents looking after each grandchild is estimated to be around £21.05. This marks a noticeable increase from £15.80 per day in 2024. The rising expenses include everything from meals and transportation to activities such as trips to theme parks, zoos, sports camps, and even go-karting. While these outings provide valuable bonding opportunities, they also come with growing concerns about affordability.
According to a survey conducted by discount website MyVoucherCodes, which polled 1,000 grandparents across the UK, over half (53%) of those with grandchildren under the age of 18 will take on some form of childcare responsibility during the summer break. Among them, one in eight reported providing daily care, while a third will assist two to three times a week.
Despite the willingness to help, nearly a quarter (26%) of grandparents expressed concern over the costs involved. Sarah-Jane Outten, a consumer and shopping expert at MyVoucherCodes, noted that while many families rely on grandparents for support, this generosity can sometimes place a financial burden on older relatives.
“It’s clear that parents are increasingly turning to grandparents for childcare,” she explained. “But for some, this comes with real financial worries. One in four grandparents admitted to being concerned about the costs this summer.”
She emphasized that family outings don’t have to be expensive. There are numerous ways to save money, including taking advantage of loyalty programs, discounted tickets, and special offers like two-for-one deals at attractions.
Beyond the immediate impact on individual households, the economic value of grandparental childcare is immense. A separate report by SunLife, an insurer specializing in services for people over 50, found that grandparents contribute approximately £7.7 billion worth of informal childcare during the summer holidays alone.
Mark Screeton, the company’s chief executive, described this support as a fortunate reality for many parents. He acknowledged that while some grandparents may feel the physical or financial strain of helping out, most do so willingly because they value the time spent with their grandchildren.
Parent coach Kari Roberts, who has personal experience navigating these dynamics as both a parent and grandparent, pointed out that expectations around grandparental childcare are not always clearly communicated. She noted that there can sometimes be a sense of entitlement from parents who assume that grandparents will automatically step in.
“It’s not about how much you love your grandchildren,” Roberts said. “It’s about setting boundaries and knowing what you’re comfortable with. Every family situation is different, and open conversations are key to managing expectations.”
These insights highlight the complex interplay between family dynamics, emotional fulfillment, and financial realities. As more families rely on grandparents for childcare, it becomes ever more important to approach these arrangements with understanding, transparency, and mutual respect.
