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

A study of 2,000 young people preparing to start university found that many aren't ready for the challenges of living independently.

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.

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