Pretty gross seeing this kind of paternalistic view get so much agreement on HN. The "poorest and least equipped people" are invested in the stock market? Give me a break.
The wealthiest Americans have never owned so much of the stock market, with the top 10% now holding a record 93% of US equities, according to Federal Reserve data.
the bottom 50% of Americans owned just 1% of all stocks and mutual fund shares