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How boomers are losing $11,000 a year to millennial children

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 17: As a parent, it's your job to support your children on the path to adulthood. But plenty of parents continue to support their children financially once they're adults with kids of their own.That's the finding of a 2017 2,000-person survey by TD Ameritrade. On average, millennial parents ages 19 to 37 said they received $11,011 in financial support and unpaid labor from their boomer parents, ages 50 to 70. Without that help, many millennials couldn't support their current lifestyles, the survey found.Unfortunately, grandparents are often making sacrifices to aid their children and grandchildren.Click through to see how boomers are losing money to their millennial children — and what it might cost the older generation in the long run.

Are your adult children making you go broke?

As a parent, it's your job to support your children on the path to adulthood. But plenty of parents continue to support their children financially once they're adults with kids of their own.

That's the finding of a 2017 2,000-person survey by TD Ameritrade. On average, millennial parents ages 19 to 37 said they received $11,011 in financial support and unpaid labor from their boomer parents, ages 50 to 70. Without that help, many millennials couldn't support their current lifestyles, the survey found.

Unfortunately, grandparents are often making sacrifices to aid their children and grandchildren.

Click through to see how boomers are losing money to their millennial children — and what it might cost the older generation in the long run.

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