Millions of 26-30 year olds could soon be handed a "Millennial" rail card entitling them to a third off all train journeys. The new railcard will be trialled by a train company from December, and will be rolled out nationally early next year, according to documents.

It is being introduced first by Greater Anglia Railways from early December, with 10,000 railcards initially available, according to MoneySavingExpert.com.

Internal documents from the Rail Delivery Group suggest the scheme will go national in early 2018.

The Rail Delivery Group, which represents train companies, declined to comment on whether it has plans for a wider rollout.

The news is likely to be welcomed by Millennials, which are the first generation expected to be poorer than their parents.

Young men today earn an average of £12,500 less during their 20s than the generation before them, according to a study published earlier this year.

Research conducted by the Resolution Foundation think tank, showed millennials are earnings less than their Generation X peers during every year between the ages of 22 to 30, resulting in a cumulative pay deficit of £12,500.