Grandparents become child minders
More than half of retired grandparents (57%) plan to look after their grandchildren over the holidays as do 63% of grandparents who work, saying they were taking time off to do this, the poll for Saga motor insurance found.
More than two fifths (43%) expect to spend up to £100 on their grandchildren, while 7% are prepared to spend more than £200 on toys and entertainment.
Men expect to spend more on their grandchildren during the summer holidays than women, at £71.32 and £59.99 respectively.
The poll found 28% will be entertaining their grandchildren at home, while 26% are planning trips to the beach or museums.
Saga spokesman Paul Green said: "Grandparents truly are the generous generation. They donate both their time and money to look after their grandchildren during the summer holidays which allows their parents to go to work.
"Spending time with grandparents can be good for children and grandparents alike."
Populus interviewed 10,791 Saga customers aged 50 and over online between July 25 and August 2.
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