More workers have a positive outlook about their finances this year, and many are giving props to their employers for stepping up to help them handle their financial stress, according to Charles Schwab’s recent “2024 401(k) Participant Study.”

But while 24% of workers feel “very good” about their financial health—compared with 20% last year—the survey of 1,000 U.S. workers age 21 to 70 with 401(k)s, found that slightly more than half of workers said their financial situation has not changed, and 20% said it has worsened.

Thirty-seven percent of Gen Z and 35% of millennials said their financial health had improved. Baby boomers were more likely to say their financial situation has remained the same (something 57% of them noted). Fifty-one percent of millennials also said their finances had remained the same.

“While the markets have generally performed well this year, inflation and economic conditions have continued to put pressure on workers’ finances at elevated levels,” said Lee McAdoo, managing director of Schwab Retirement Plan Services, in a statement. “In the face of external economic factors, employers are supporting their employees with a combination of direct financial assistance and accompanying resources to help them manage financial stress and overall well-being.”

Sixty-four percent of workers said their employers have taken action to help them manage their financial stress, up from 52% last year. The younger generations were far more likely to note that help: 81% of Gen Z and 74% of millennials said employers have helped, while only 59% of Gen X said so and 58% of boomers.

Among the helpful employer actions cited by respondents were pay increases and 401(k) matches, flexible work arrangements and access to financial wellness/education resources.

The survey also found that workers have become more aware of SECURE 2.0 Act provisions including easier 401(k) withdrawals for emergency expenses, increased contribution maximums for people ages 60 to 63, the raised age for required withdrawals and employer contributions to Roth plans.

But these employees also indicated that they wanted more information on areas of the SECURE 2.0 that the federal government has targeted, including information about matching contributions to IRAs or 401(k)s, the easier 401(k) withdrawals for emergency expenses and the employer contributions to Roths, as well as emergency savings accounts at work.