Study: Millennials are spending thousands more than their grandparents

BUFFALO, N.Y. (WIVB) — Millennials are not following in their grandparents’ footsteps when it comes to spending.
A new report from BankRate.com shows they spend about $2,300 more on everything from groceries and gas, to restaurants and cell phones.
When it comes to travel and television, they spend about $1,000 less than older generations.