Gen Z workers who are saving for retirement saw their 401(k)s grow faster than millennials' did last quarter, while Gen X topped baby boomers on another milestone, according to data from Fidelity.
In an analysis of its 23.3 million 401(k) participants at the end of the first quarter, Fidelity said Thursday that the average balance for Gen Z increased 15% from the fourth quarter to $11,300, compared to an 11% increase to $59,800 for millennials.
