In an absolutely fascinating article Michelle Singletary of NPR looks at an ugly reality most parents don't even realize: their kids are living in financial dreamland. A survey by Charles Schwab & Co. and the Boys & Girls Clubs of Americ reveals that teens are totally delusional about what sort of money they'll be making as adults. The teens on average expected to make $145,500 with boys figuring they'd rack up $173,000 while girls sadly expected less but still a healthy $114,200.

Hmmm...considering the median U.S. household income is under $50k that's a lot of disappointed youngsters who are expecting Santa to leave a higher salary under the money tree.

Btw, only 14% of Americans make between $100k - $200k

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