I think there are quite a few people who are simply living paycheck to paycheck and just don't any extra money to invest. It seems every month or two I hear about a poll that quizzes people about how much money they are socking away into savings. The polls always come back with these horrid numbers that show that most people aren't saving ANYTHING at all. Not even in a simple savings account. Now one could argue that if these people tried really hard they could probably find a few bucks here and there to save, but until that part happens, the stock market for them, is miles away.