How Gen Z's 401(k) Balance Measures Against Other Generations Today

Key Takeaways Gen Z workers have an average 401(k) balance of $13,500, with a 7.2% employee contribution rate that climbs to 10.9% when employer matches are included. Gen Z started working with financial advisors at an average age of 23, earlier than any previous generation. Despite having the smallest balances, 63% of Gen Z workers say they're confident they'll be financially prepared for retirement—higher than any other generation. It's perhaps a timeless pattern that older generations depict th ...