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Consumers not practicing what they preach, says research
Although more consumers believe saving is important, many are still not putting money away, according to financial website fool.co.uk.
But David Kuo, director of the website, said he sympathises with some of those reluctant to save .
He said: "Because it's hardly worth turning on your computer to put money into these savings accounts."
Mr Kuo added that interest rates on savings accounts are "appalling".
The expert believes that savers can be divided into those that could not save, those who didn't want to save and those who couldn't be bothered to save.
Those who were not saving were more than likely paying off debts, loans or making mortgage payments instead and that this was a very sensible thing to do, he stated.
The recent Nationwide Savings Index declined three points on last month to its lowest level since June 2008 due to savers' worries over how much they are putting aside and how often.
While 60 per cent of consumers admitted to saving less than they needed to, the same number felt saving was generally a good idea.
Over a quarter of consumers save nothing at all, with less than half saving regularly.