Brits in their 20s have financial worries, says insurer

The pressures of being financially successful are taking their toll on the nation’s 20-somethings, according to one insurer.

Saga has dismissed the concept of a mid-life crisis for those in their 50s as a myth and highlighted that the younger generation have more than their fair share of worries.

A study into how people feel as they approach different life stages revealed that Brits in their late teens and early 20s are anxious to become financially successful and feel the strain "most acutely".

"It’s well documented that many of today’s baby-boomers have never had it so good, particularly with their finances thanks to soaring property prices," said Saga chief executive Andrew Goodsell.

He added: "This study clearly shows that they are also the most relaxed and dispels the view that many have a mid-life crisis when they reach their fifties - they actually worry less and are happier with their lot in life, which certainly doesn’t sound like a generation in crisis!"

It was found that 17 per cent of over 50s became less worried as they got older.