Traditionally, parents' income has been viewed as a crucial determinant of children's educational prospects. However, new research suggests that grandparents' financial support also plays a vital role.
Published in the journal Canadian Studies in Population, the study reveals that the income of grandparents can significantly affect their grandchildren's access to higher education.
This finding adds a new dimension to the understanding of family wealth and its implications for educational opportunities, highlighting the interconnectedness of financial resources across generations.