Millennials aren't spending money like their parents did

Millennials are spending their money differently from their parents and grandparents.
Gordon Smith, chief executive for consumer and community banking at JPMorgan, gave a presentation on Monday at the Barclays Financial Services Conference discussing the spending patterns of millennials. JPMorgan is especially focused on this group, and we've written before about the bank spending big to land younger customers.
The chart below shows what millennials and non-millennials purchased using Chase debi