30/03/2011 07:02 BST | Updated 22/05/2015 06:12 BST

Grandparents Spending Billions On Their Grandchildren

When I was a child we used to go and visit Granny every Sunday. There were no toys in her house, so we would look at old family photos, or (for a major treat) she would get out her box of buttons for us to rummage in.

How times have changed – now a survey claims that grandparents are spending billions spoiling their grandchildren – and sacrificing their own needs to fund it.

The study, commissioned by grandparents' website, found that grandmothers and grandfathers in Britain are spending over £11.5bn a year, with the vast majority going on presents, clothing and toys.

Almost a quarter (23) saying it puts a strain on their finances.

Nearly half (49) can't afford to and 16) of grandparents, nearly 5 million in the UK, are currently cutting back on their spending, with clampdowns on eating out in restaurants (17) and buying new clothes (8) of the older generation think their grandchildren are more spoilt than they were when they were young, and almost a third (28%) believe that other family members spend too much money on them.

Are you a grandparent who likes to buy toys and treats? Or do you think we spend too much on children already? Leave a comment below.