If the parents of millennials ever want to retire, they're going to have to shut off the money spigot for the kids.

That's according to a Money report, which said that the financial support millennials have been getting from their parents can drain away retirement funds, leaving the mater and pater high and dry when it comes time to spend their days indulging their own interests instead of their kids'.

Citing a New York Times statistic of 40 percent of millennials getting financial help from parents for living expenses, Money points out that that amounts to about $250 every month—and that's just 20 percent of the financial aid the parents provide.

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