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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Asia Pacific World Search Search: Babysitting grandparents 'save Italians 50 bln euros' AFP - Saturday, August 22 MILAN (AFP) - - Italian parents whose own parents look after their children while they are at work and help round the house save 50 billion euros a year, a study by the Milan Chamber of Commerce said on Friday. ADVERTISEMENT The study, based on data from the national statistics institute Istat, took into account the different types of services that might be provided by grandparents and the average earnings of babysitters and domestic cleaners. It also said that Italian families save 4.8 billion euros (6.8 billion dollars) a year by being able to rely on grandparents to look after children during the summer holidays while the parents are at work. As a result, parents of a 14-year-old in Milan save around 8,000 euros a year, in Bologna, Genoa and Venice 9,000 euros, in Rome 7,000 euros and in Naples 5,000 euros. Full-time babysitting for the youngest infants, looking after children after school, helping out in case of illness, preparing meals, doing housework or sewing are the most popular tasks carried out by grandparents for their children's children. "Being able to take advantage of a parental network helps drastically reduce recourse to these kinds of services. The level of families' revenue is crucial. When salaries aren't enough, grandparents represent an essential resource," the report said. Medium-income families suffer the most as they earn too much to qualify for state-funded home help but not enough to be able to employ private help, the chamber's head Carlo Sangallo said in the report. Family solidarity and the grandparents' helping hands are all the more important as public service infrastructure for young children is generally inadequate in Italy. The Italian population is one of the most rapidly ageing in Europe, with women giving birth to an average of only 1.8 children, according to 2008 statistics. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Entertainment & Lifestyle NYC Opera, union reach contract agreementAP - 2 hours 20 minutes ago Panasonic leans on `Avatar' movie for 3-D PR blitzAP - 2 hours 30 minutes ago Murder suspect raises reality TV questionsAP - 2 hours 58 minutes ago Jackson burial postponed until Sept. 3AP - Saturday, August 22 'Pulp Fiction' writer pleads guilty in fatal crashAP - Saturday, August 22 Enlarge Photo This 2008 file picture shows a grandmother and her grandchild preparing a meal together. Italian parents whose own parents look after their children while they are at work and help round the house save 50 billion euros a year, a study by the Milan Chamber of Commerce has said. Most Popular – Entertainment Viewed It's nuts! Squirrel becomes a Web sensation CIA hired Blackwater for assassin program: reports Two arrested over biggest gem robbery: police Egypt warns pharaohs' tombs could disappear Merkel still world's most powerful woman: Forbes View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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