Survey: Some millennials expect to receive financial help from parents until their 30s

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(WTVD/KAKE) -

When it comes to financing your kids, is there a cutoff?

About one-fifth of millennials say they expect to be on the family payroll into their 30s.

This is according to TD Ameritrade's new "Young Money Survey."

Ask the parents, and their opinion is most definitely different when it comes to their millennial offspring.

They call it "embarrassing" for kids to rely on them for financial help past the age of 27.

The study, released Tuesday, examines the money habits of today's young adults. They found a great deal of today's millennials are having a hard time budgeting and saving, mostly because of student loan debt.