Why don't more poor people invest in the stock market?
Because your IQ is too low, poor thing.
Poor people have poor ways.
You need extra money to do that, and most poor people don't have it.
After they pay the same price for food that rich people do, there is no money left for car payments...let alone investing in the stock market.
to invest you need money and it is rather hard to do with it takes all you can just to pay things like rent and food.
I think usually they first hear of sad tales of people losing their money. Not the positive of gaining money. Ehh, they have a reasonable excuse there. They got spooked too easily. It certainly is not for those that are too skeptical to learn about it. I guess this game is not for the faint of heart.
Duh, probably because they don't have enough money to get started?
The stock market is a gamble. You are not guaranteed to earn the money that you placed into a stock back. For most people with low income, it is too risky and not worth the risk.
No money to do so maybe
They don't have money to invest
Because they don't have the money - obviously.
Because they don't have money to lose, genius. Wealthier people can withstand inevitable dips in the stock market, but if you're poor (or even middle class) and an economic downturn wipes you out, you might never recover. That's what happened with the college money my parents worked so hard to save. They were heavily invested in tech all through the 90s and early 00s, then the tech bubble burst and the stocks went from being worth thousands to only a few hundred dollars that basically covered just my text books. Both my parents and I had to take out loans so I could finish school, and I was in school 2 years longer because I had to have a job to pay my basic living expenses and avoid even more debt.
The Whoflew Bird
Too risky. Mutual funds are a safer bet. It's fine to take risks when younger, but after a while you kinda wanna hold onto what you got and not lose everything to a few tosses of the dice in the stock market.
They prefer to waste their money on cigarettes and lottery tickets.