Most people stick with safe, low interest savings accounts, they are very risk averse.
See, that's precisely why they can't maths.
Their investments losing badly YOY adjusted for inflation is in my mind not "risk adverse" and "safe", it's just stupid. They are still losing, just not as bad as all cash.
But normies gotta norm, bro! ¯\_(ツ)_/¯
Plus, I 'hate" to spend the rapidly appreciating asset...no such qualms about depreciating