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Grandparent economy: Bank of nan and pop funds homes, school, holidays

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A family tragedy led Dick Kirby, 86, to give money to his granddaughter a few years ago.

Having bought a fixer-upper in the NSW seaside town of Narooma, her tradesman partner died unexpectedly, leaving her in her early 30s with a one-year-old son and a half-renovated house.

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Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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    Original URL: https://www.afr.com/wealth/personal-finance/grandparent-economy-bank-of-nan-and-pop-funds-homes-school-holidays-20240913-p5kadf