You don't need much risk in the stock market. Index funds have outpaced inflation since forever. It's easier to save for retirement since most people spend a

You don't need much risk in the stock market. Index funds have outpaced inflation since forever. It's easier to save for retirement since most people spend a lot of their life with fixed payment debt (mortgage, car, school, etc), and all of these become cheaper to service due to inflation. Thus the majority of the middle class has access to and uses debt, and has access to assets that outplace inflation. The counter to inflation is deflation, which has, due to deflationary spirals, been devastating to economies. There is not an inflationary spiral. This is why all central banks target small inflation.