The problem with giving financial advice to people is that many struggle to pay their rent. Telling them to invest in index funds from an ivory tower is laughably misguided of the realistic situation they live in.

After they pay their rent and feed themselves, they may have a little left over which they will simply spend on basic pleasures, or simply rack up debt to get by.

The financial advice ignores the fact that we have people like Musk with a net worth of 600M while the rest struggle to afford necessities.

The wealth inequality gap is simply too much to ignore and I worry that it will reach a breaking point.