Grandparents Choose Principle Over Compassion

A new study finds more than 90 percent of grandparents are refusing to dole out gifts. They can't afford retirement and a stream of treats. On average, they only spend about $150 on their grandkids these days. Hopefully, they'll remember that when it's time to write their wills.

LYNN NEARY, host:

Well, here's one sign that could be interpreted as principle winning out over compassion. A new study finds more than 90 percent of grandparents are refusing to dole out gifts.

Our last word in business today is unspoiled grandkids. Grandparents say they can't afford retirement and a stream of treats. On average, they only spend about $150 per year on their grandkids. Hopefully, they'll remember that when it comes time to write their wills.

This is MORNING EDITION from NPR News. I'm Lynn Neary.

STEVE INSKEEP, host:

And I'm Steve Inskeep.

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