In fact, 45% of Gen Z and millennial workers feel somewhat optimistic.
And yet, Gen Z workers are the biggest cohort of non-savers, Bankrate also found.
The average 401(k) balance among boomers is $220,900, according to the latest data from Fidelity Investments, the nation's largest provider of 401(k) plans.
For Gen Z, the average balance is $8,100.
They are also significantly more likely to have at least $100,000 in a retirement savings account, the report found.
Persons:
Xers, Z, Bankrate, Gen Xers, Douglas Boneparth, anther, Boneparth
Organizations:
Fidelity Investments, Bone, Northwestern Mutual, CNBC, Council, Country Financial
Locations:
New York