A number of under-35s are risking financial meltdown by delaying bill payments, debt repayments or mortgage instalments, according to a new study.
Research by the Skipton Building Society also found that nearly 40 per cent of Yorkshire people in the age bracket have turned to friends and family for financial help, while 17 per cent have also taken out bank loans.
It was also revealed that around half of over-35s do not contribute to a pension scheme, while 47 per cent also admit that they are struggling financially.
Jennifer Holloway, media relations head at Skipton, said the findings showed it is "definitely time for a wake up call".
She added: "Our figures show today's under-35s will either need to work much, much longer or earn much, much more to be able to retire when and how they want to."
Recent research by Co-operative Financial Services found that people in the UK spend around two years of their life worrying about their spending and borrowing habits.
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