https://www.epi.org/publication/retirement-in-america/
> Nearly half of families have no retirement account savings at all.
https://www.nytimes.com/2021/01/26/upshot/stocks-pandemic-in...
> Families grouped by percentiles of net worth:
> Bottom 50: 50% of Families | 1% of Equities | 0% of Stock
I'm not sure why you think the poor have investment portfolios. They don't.
> I'm not sure why you think the poor have investment portfolios. They don't.
I never said or implied anything of the sort. I recommend reading carefully what I actually said, and then addressing that instead.
The low fixed income often comes from investment. For example, you save money in 401k, then as you near retirement, you shift investments into safer instruments ie. bonds. The result is exactly low fixed income and vulnerability to inflation.