The Millennial Parent's Secret to Saving Money

The Millennial Parent's Secret to Saving Money

Millennial parents are raising their children without risking their own financial futures. Their secret? According to a TD Ameritrade survey -- it’s grandparents.

On average, each millennial parent receives about $11,000 per year in financial support and unpaid labor from their own parents, which totals $253 billion a year in America. They survey found millennial parents are not too proud to ask their parents for financial help -- with 54% reporting they’ve received financial support from their parents in the past year. 30% get childcare help from their grandparents, childcare with other unpaid labor from grandparents can save parents up to $300 a week.

Millennial parents aren’t accepting the help without appreciation though, 56% of them say they are grateful.

You'll Now Have to Pay More for Monthly Amazon Membership

You'll Now Have to Pay More for Monthly Amazon Membership

Hits to the Head, Not Concussions, Cause CTE, Study Finds

Hits to the Head, Not Concussions, Cause CTE, Study Finds