For more on this phenomenon — called 'phantom wealth' — and why millennials might still be feeling financially vulnerable, host Scott Tong speaks to CNBC personal finance writer Jessica Dickler.

Financial planning is essential for securing long-term wealth, especially for millennials. Born between 1981 and 1996, this ...

The illiquidity of home equity and retirement savings are causing many millennials to write off the wealth as “phantom wealth,” according to CNBC. Of course, there’s really no such thing as ...