The research found that more than half of prospective students don’t know how to pay a bill and that many believe that nights out cost more than paying rent.

Researchers said that many would-be students have been left worried and confused by the prospect of leaving home to start higher education.

The study found 61 per cent of millennials are anxious about the prospect of starting university, while 58 per cent are having trouble sleeping and 27 per cent are having panic attacks.

Millennials aren't ready for the 'reality of life' and suffer from panic attacks and anxiety problems, new research has revealed

Millennials aren’t ready for the ‘reality of life’ and suffer from panic attacks and anxiety problems, new research has revealed

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