Is love enough? The case to pay grandparents for minding their grandchildren

Are grandparents being exploited?

Scott Haywood, the finance guru, told Tom Elliott he predicts a coup in coming years from Victorian grandparents fed up with being dumping grounds for their grandchildren.

He said grandparents were entitled to have a retirement plan, and want to spend their days in other ways.

Click PLAY above to hear the full discussion

“I think grandparents in the modern day in Victoria are considered babysitters,” he said.

“The statistics I saw last week were 60% of grandparents across Victoria are looking after a grandchild at least once a fortnight whilst their adult children go to work.”

Scott Haywood suggested paying grandparents for minding their grandchildren.

But Tom Elliott, and the majority of talkback callers, disagreed passionately.

Tom Elliott: “You don’t get paid to mind members of your own family!

Caller Sue, who minds her 2-year-old grandson weekly, said she absolutely loved it and would never accept money for minding him.

“We get more out of it than he does,” caller Sue said.