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There is growing concern that many American teenagers hold unrealistic educational plans. This may indicate a detachment from reality, which could be detrimental to well-being in later life. But is this problem specific to certain countries like the United States, or is it common among young people from across the developed world? This article uses data from the Trends in Mathematics and Science Study ( TIMSS) and Programme for International Student Assessment ( PISA) to investigate this issue. It shows how expected and actual college graduation rates differ across a number of countries but also that this gap is particularly large in the United States. Additional analysis suggests that this is being driven, at least in part, by the large proportion of low-achieving American children who believe they will go on to obtain a bachelor's degree. The implications of these findings are discussed in reference to educational policy and contemporary sociological debates. [ABSTRACT FROM AUTHOR]