Family Wealth Reaches Further: Grandparents' Income Links To Grandchildren's College Access

Grandparents' Wealth: A Key Factor in College Access for Grandchildren

While it's well-established that parental income significantly influences a child's chances of attending college, recent research reveals that grandparents' financial status also plays a crucial role. A study featured in Canadian Studies in Population highlights the impact of grandparental income on educational opportunities for grandchildren. By examining extensive multigenerational tax data, a team from Université de Montréal uncovered a strong link between the earnings of grandparents and the likelihood of their grandchildren enrolling in postsecondary institutions.