Grandparents are the key to millennial parents securing generational wealth

Tech Insider
Grandparents sitting on either side of a leather sofa with a baby in the middle.
Carol and John Mooney, parents of Jessica Pepi, care for their baby granddaughter, Charlotte.

Courtesy of Jessica Papi

Meet the new moms using up to $700 in monthly basic income to afford childcare. It could be the answer to helping parents stay employed.

Tech Insider : Economy, Economy
Collage of money, housing, food, and family.
Some parents say guaranteed basic income helped them afford childcare, allowing them to secure jobs and promotions at work.

Getty Images; Jenny Chang-Rodriguez/BI

I send my kids to stay with family over the summer. I deserve time away from them, and they have fun.

Tech Insider
A woman sitting by the pool in a deck chair, with food and drinks beside her on a table.
Tanya Mitra (not pictured) enjoys relaxing without her kids in tow during part of the summer.

bombuscreative/ Getty Images

A millennial moved from California to Utah for a lower cost of living. A few months later, she's hoping to move back.

Tech Insider : Economy
salt lake city
Kate M. enjoys Salt Lake City, Utah, but said she misses living in San Diego.

Denis Tangney Jr/Getty Images

My wife and I both work full-time. Summers are complex — we have to plan our kids' summer schedules 6 months in advance.

Tech Insider
Two boys interact in a garden next to a table and chairs, and a woman in a yellow top and dungaree shorts, who smiles at them holding a coffee.
Pat Dooling said he and his wife amend their work schedules to accommodate their kids during the summer vacation.

Getty Images/AleksandarNakic

Summer vacation is only getting more expensive for parents, with some spending thousands of dollars on camp: It's 'highway robbery'

Tech Insider : Economy, Economy
A photo illustration of a flamingo floatie with a quarter inside
Parents are going into debt and adjusting their work schedules to make sure their kids have care this summer.

iStock; Rebecca Zisser/BI

Baltimore gave young parents $1,000 a month. Participants used the money to pay bills and secure stable housing.

Tech Insider : Economy, Economy, Politics
Baltimore, Maryland skyline
Baltimore gave young parents $1,000 a month for two years, no-strings-attached.

David Shvartsman / Getty Images

My mom provides our childcare, but we have different rules for the kids. It creates tension.

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Bethaney Phillips with her mom and two boys.
Bethaney Phillips' mom provides daycare for her two young boys.

Courtesy Bethaney Phillips

A California millennial who makes six figures says it feels like he has to choose between buying a home, starting a family, and advancing his career: 'I feel behind financially'

Tech Insider : Economy, Economy
Christopher Stroup
Christopher Stroup says his six figure income hasn't made him feel "rich" because he's struggling to meet his savings goals related to buying a home and starting a family.

Christopher Stroup

I'm Gen X and would love to provide childcare for my future grandkids. But I'll be too old when I can afford to retire.

Tech Insider
A woman on a boardwalk wearing a gray jacket.
Jo Merrett told BI she was sad to not be in a position to look after her future grandchildren.

Courtesy of Jo Merrett

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