How you can help your grandparents age well, says researcher—it could benefit your well-being too

The relationship between grandparents and their grandkids can have a profound impact on the well-being of both parties. Research has shown that being an involved grandparent is linked to a lower risk of mortality, which can have significant implications for healthcare costs and financial planning in later life. As the population ages, understanding the benefits of intergenerational relationships can help families and policymakers make informed decisions about support systems and resource allocation.

The benefits of grandparent involvement extend beyond just the grandparents themselves. Studies have found that children who have close relationships with their grandparents tend to have better emotional and social development, which can lead to improved educational and career outcomes. This, in turn, can have a positive impact on their financial stability and security. Furthermore, the emotional support provided by grandparents can also reduce stress and anxiety for working caregivers, allowing them to focus on their careers and increase their earning potential.

As the population continues to age, it's essential to watch how policymakers and financial institutions respond to the needs of multigenerational families. Expect to see increased focus on products and services that support caregiving, healthcare, and financial planning for older adults. Additionally, there may be opportunities for investors to support businesses that cater to the needs of aging populations, such as home care services, senior living communities, and healthcare technology. By understanding the benefits of intergenerational relationships, families and investors can make informed decisions that promote healthy aging and financial security.

Originally reported by cnbc.com. FundingWire adds analysis for finance & markets readers.