Yes, as I said I was generalising. There are plenty of reasons for the 95%. The biggest bummer is probably the lack of financial education (a global problem) and the status thinking. The bulk thinks if they save in these paper assets and see all the zeros in the projected amounts they feel rich. However, nobody really tells them about the compound affect of inflation and that these projections are usually a bit on the optimistic performace side (my feeling).
The basic principle is flawed. To handover the cashto some else and assume this other party looks first after them and not themselves.
But of course not many have the invling and understanding to take chage of their financial future and its so much easier to hand that over.

I one inveted a lot in RA's, because I did not know better. Then came Rob Rusconi and blew the whistle about how they really (used to) work and I stopped it all. Since then I invest all in global entry level residential property investment and ar much better off. I basically send my tenant to work to pay my asset off. How much better can it get?

For the low income earners there is help too in form of FLISP and rent-to-buy or siilar schemes which are mostly unknown.