American millennials have less cash than other generations did at their age– but studies reveal a disconcerting quantity of them have delusional concepts about their wealth

Many American millennials think they’ll be millionaires by middle age and have a generally positive view about their finances, according to several studies. However, research shows a different reality: Millennials are behind financially. Millennials got a slow start to building wealth because of the Great Recession, and a rising cost of living has made it…