It all comes down to 2 things:

• Financial illiteracy
• Insufficient initial capital

For the first point, a very low amount of people even possess basic knowledge of finance. If you dont know any better and learning basic economic concepts is disregarded throughout one's upbringing(be it education or parenting) then its highly unlikely to take an interest on your own on things you ignore they even exist. Add on top of this the ongoing culture of instant gratification, glamour and overspending and you have a recipe for disaster. Few people will get to think that by postponing indulgence and through being prudent they can secure their future mid to long term.

For the latter, if you re too occupied making ends meet and surviving chances are you wont have the time or capital for any meaningful investment of any sort. When 14% of the population of the USA or alternatively 1/2 of the total Earth's population lives in poverty, this becomes even more apparent.

It all comes down to 2 things:

• Financial illiteracy
• Insufficient initial capital

For the first point, a very low number of people even possess basic knowledge of finance. If you don't know any better and learning basic economic concepts is disregarded throughout your upbringing  (be it in education or parenting), then it's highly unlikely for you to eventually find interest in them. Add on top of this the ongoing culture of instant gratification, glamour and overspending and you have a recipe for disaster. Few people will get to think that by postponing indulgence and through being prudent they can secure their future mid to long term.

For the latter, if you're too occupied making ends meet and surviving, chances are you won't have the time or capital for any meaningful investment of any sort. When 14% of the population of the USA or alternatively 1/2 of the total Earth's population lives in poverty, this becomes even more apparent.