The study is based on interviews with 100 family and friends carers, the majority of whom are grandparents.
According to the findings, 38 per cent of carers are on an income of less than £200 a week. The study also reveals that two-thirds of carers had not received any support from social services.
Of those who had, three-quarters were dissatisfied with the services they received. One in five carers also stated that they currently receive no benefits or allowances.
"We can now see very clearly the intolerable stress and poverty that grandparents who step in to bring up their grandchildren face every day of their lives," said Grandparents Plus chief executive Sam Smethers.
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