Most of the nation's younger workers say they know more about how an iPod functions than about filing taxes, buying a home or investing their savings.

In a survey of more than 1,700 employees under 40 years old, nearly half gave themselves failing grades in financial planning, according to Divided We Fail, a Washington-based coalition of business and retirement groups that includes the National Federation of Independent Business, Business Roundtable and AARP.

While many said they planned to set aside funds for retirement, only half were actually saving their paychecks regularly.

Yet, despite a lack of planning, more than 90 percent of respondents said they felt confident about reaching their personal financial goals during the next ten years. Not surprisingly, most young workers placed a high value on health insurance, retirement savings plans, wellness plans and other workplace benefits, the survey found.

"These generations face new challenges when it comes to building lifetime financial security," Nancy LeaMond, an AARP spokesperson, said in a statement. "The good news is that they realize how the retirement landscape is changing and are confident that they can achieve their financial goals. The bad news is that they know more about making their iPod work than making their savings work for them."

The American Savings Education Council, a Washington-based non-profit group, also sponsored the survey.