Gen Y keen to save, but not in super

Gen-Yers are proving to be the best savers but aren't inclined to stick their money into superannuation .

The latest MLC wealth behaviour survey found 45 per cent in the 18-29 age group intend to squirrel money away in the next three months, compared with middle-aged Australians who are broadly "neutral" and older Australians who are cutting back on their investing.

However, the findings show that young people, along with women, are the group least inclined to top up their super when they can at a time when one in two Australians don't think they'll have enough savings when they retire.