PEOPLE in their early 30s are putting off buying a house or having children because of financial insecurity, according to a new study.

Research by insurer LV= found that the age group was one of the least financially resilient.

One in four said they were worried about the financial impact of achieving a life “milestone” - and 17 per cent claimed they did not have enough financial confidence to handle such an event.

A survey suggested that three out of four people aged between 30 and 35 fell short of having 90 days’ worth of savings in a bank, the recommended minimum.

Justin Harper of the insurance company LV= said: “It's deeply concerning that many of those in their early 30s are delaying major life milestones because they feel worried, unconfident and ill-prepared financially.

“It is worrying that so few of the ‘Peter Pan Generation’ can withstand the financial effects of an unexpected income shock - they have no Plan A, nor a Plan B.”