this post was submitted on 08 Apr 2025
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Around 77% of Americans live paycheck to paycheck: https://www.prnewswire.com/news-releases/survey-reveals-majority-of-americans-still-living-paycheck-to-paycheck-302257819.html#%3A%7E%3Atext=SAN+ANTONIO%2C+Sept.%2Cin+a+competitive+hiring+market.%22. They don't have the spare money to throw in the market. Even if they had the money, they don't have the expertise to invest wisely. They cannot afford to throw money away on pump and dump stocks. 77% of Americans are screwed.
61% of Americans own stock https://news.gallup.com/poll/266807/percentage-americans-owns-stock.aspx
And how much of that is in the form of a 401(k), IRA, or pension mutual fund? I'd wager greater than 90%. You don't have to know anything about the market to own these investments. I'm certain the number who actively trade or even check what they're invested in is quite small.
That's irrelevant.