Young workers, in the Midlands, believe they will earn more than £50,000 a year by the time they reach 40 to fund their desired lifestyle - but the reality will be very different, according to new research.
The average salary for today's 21-to-35-year-olds will only reach £25,000 when they are in their 40s, it was predicted.
The Midlands seem to be following the national trend with 36 per cent of young workers hoping for a life that will include luxury cars and 24 per cent planning on purchasing second homes abroad - it is unlikely their finances will allow it.
Lindsay Sinclair, chief executive of direct savings bank ING Direct, which produced the survey, said: "Unfortunately, today's young adults are in for a rude awakening as there is a huge gap between their expectations and the salaries they will actually be earning.
"Despite this they show no sign of reducing expenditure now in order to save for later in life."
In contrast, today's potential retirees (51-65 year-olds) had much more modest expectations when they were starting out, with 80 per cent living the life they expected and 42 per cent over-achieving.