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.