millennials are still focused on achieving the American Dream—although their notions of what to do and how to do it financially aren't necessarily the ones that will get them the best results. (Photo: iStock)

Millennials have been pretty well pummeled by finances, having seen their elders hammered by the market crash and Great Recession and then themselves been caught up in their own financial nightmares of low salaries, high student debt and seemingly impossible financial objectives.

Yet, according to the Bank of the West 2018 Millennial Study, millennials are still focused on achieving the American Dream—although their notions of what to do and how to do it financially aren't necessarily the ones that will get them the best results—or the ones that other generations had in their time.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.