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Financiers & others say UK savers should embrace risk in their investments to get better future returns (& help investment in UK businesses).
But, these well-off investors, advisors & politicians miss-understand the downside risk for those not in as comfortable life positions as themselves.
They might be able to easily weather a loss of savings, but for those with little extra, a loss of slowly accrued savings is devastating - that's why they won' take a higher risk!
Would you?
@ChrisMayLA6 I think you are too kind. They don't misunderstand the down side risk of investing for poorer folks. As with the Labour Party and the Tories when xconsidering poverty - they just don't care enough, particularly when there are such gains for them from being ambivalent.
To accept that they misunderstand, we would have to believe that they had engaged with the arguments somehow.
I guarantee they have not. At least those I know in that world embrace ignorance in this space.
yes, maybe I was being too kind, but whether due to misunderstanding, or due to wilful ignorance, the problem remains the same - a lack of appreciation of the downside risks that shape poor(er) 'investors' choices
@ChrisMayLA6 Yes - you are right: I agree that this is the problem. Investing is always a form of gambling...and those in the finance industry insisting that everyone should gamble, won't believe that retail investors who lose should get bailed out. Unlike themselves of course.