Millennials are dishing out an additional $2,300 per year on groceries, gas, restaurants and cell phone bills than their parents, Bankrate data shows.
The youngest adult generation, millennials ages 18 to 36 are burning through some serious cash on extras like restaurant orders and cell phone bills. All the takeout and date nights add up - millennials spend 28% more at restaurants than older Americans do each month.
But millennials are spending $1,130 less than older generations on travel and television each year.
With just about everything millennials care to watch available on Netflix (NFLX) - Get Netflix, Inc. Report and other streaming services, they're spending almost 30% less than older people are on television services each month. Millennials also spend 27% less on vacations and trips each year.
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