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Six in 10 millennial’s claim to be going through a “quarter-life” crisis, according to a new study.

The study, carried out by First Direct bank and psychologist Dr Oliver Robinson, aimed to look at how people can use a crisis as a spark for change, but in the process discovered a huge number of 25 to 35-year-olds are struggling to cope amid financial, career and personal pressures.

Analyzing 2,000 Brits, the study found that financial difficulties were the biggest single cause, with more than half (53 per cent) of people going through a quarter-life crisis admitting they spend more than they earn each month.

Other pressures include trying to find the right job (26 per cent) or working in a challenging job (24 per cent), trying to get on the property ladder (22 per cent), and being in the right relationship (25 per cent).