The report by Grandparents Plus and the Equality and Human Rights Commission found that single-parent families and those on low incomes are among the most reliant on grandparents due to the "prohibitively expensive" cost of childcare.
The report, called Protect, Support, Provide, estimates that half of all single-parent families rely on grandparents for childcare.
Providing childcare is having a devastating effect on grandparents' finances, adds the report.
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