BTW, this isn't a moral argument (at least it need not be), practically people cannot invest in anything and yield an actually substantial return. Almost half(E) people in the US cannot weather a $400 emergency without going into debt, how could they possibly have enough money to invest for either themselves or their children?
This arguably would be only valuable for people in the middle class to upper middle class.
EDIT: the statistic is 46%[0]. Okay, it's not "most" people but it's a good fraction. I wouldn't be surprised that >50% can't weather a $1000 emergency.
This arguably would be only valuable for people in the middle class to upper middle class.
EDIT: the statistic is 46%[0]. Okay, it's not "most" people but it's a good fraction. I wouldn't be surprised that >50% can't weather a $1000 emergency.
[0] https://www.washingtonpost.com/news/wonk/wp/2016/05/25/the-s...