For folks without enough cash to retire, one key seems obvious: keep employed. But life often gets in the way. Health issues make it unbearable to work, or they lose a profession and can’t find another.
“These women pitch in not just because they love their grandchildren and like spending time with them, but because their children need the help with parenting, Lumsdaine says.”
If grandchildren are getting in the way, that’s immense problem, both for individual families and for policymakers. Better child care options and more flexible jobs might make it easier for 60-somethings to stay in the workforce. Until then, any proposals to raise the retirement age would be extra tough on grandmothers.
Source: http://www.bloomberg.com/news/2015-01-07/how-grandchildren-botch-the-best-laid-retirement-plans.html ll By Ben Steverman