Loss of income or employment followed at 23.4 percent, highlighting the role of economic instability in deterring individuals from maintaining their investments.
Concerns about risky investments were cited by 15.2 percent of respondents, reflecting apprehension about market volatility and potential losses.
Additionally, 14.4 percent indicated a lack of understanding or appreciation for the benefits of investing, pointing to a critical need for enhanced financial education and awareness programs to empower individuals with the knowledge necessary for informed decision-making.
Confidence issues also emerged as notable barriers, with 9.2 percent citing distrust and 7.1 percent attributing their decision to experiences with scams.
