Yes it is. That 3K is the average young person's only asset and it is just getting eaten by inflation anyway.
These people struggle to pay rent each month let alone think about "investments".
These people struggle to pay rent each month let alone think about "investments".
Sure you will lose a little bit, like 2 or 3% a year. But if you have nothing saved then what will you do in case of an emergency? such as losing a job?