Fed says millennials are just like their parents. Only poorer.

MILLENNIALS' SPENDING HABITS are a lot like the generations that came before them, they just have less money at this point in their lives, according to a new study by the Federal Reserve. / BLOOMBERG FILE PHOTO/ANDREW HARRER
MILLENNIALS' SPENDING HABITS are a lot like the generations that came before them, they just have less money at this point in their lives, according to a new study by the Federal Reserve. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - Millennials, long presumed to have less interest in the nonstop consumption of goods that underpins the American economy, might not be that different after all, a new study from the Federal Reserve says. Their spending habits are a lot like the generations that came before them, they just have less money at…

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