Robinhood has conclusively shown in the last month that ordinary Americans, even poor ones, have access to investing in stocks. This includes access to margin and sophisticated options trading.
I'm not arguing that access in itself is bad. I'm arguing that new money speculating in the equities market often doesn't go well.
> new money speculating in the equities market often doesn't go well.
It goes better than lottery tickets, which target the poor and the mathematically challenged. Stocks at least have an upward bias, while lottery tickets have a strong downward bias.
BTW, wealthy people lose money in the stock market, too. Stocks do not come with guarantees for anybody.
On the TV news a couple weeks ago was a 6 year old kid whose mom gave him $60 worth of Gamestock stock. He cashed it in for $3,000.
Besides, the article wasn't about some people. It was about the majority of people.