The stock market is virtually the only way for the 'common man' to overcome the effects of inflation on his savings. Over the long term, it's hardly a fool's game - it's the only wise game. Otherwise, you can save all you like but in the end you'll have less than you saved.
It’s a fools game if you don’t know what you’re doing. I am smart enough to know that I don’t know enough about the stock market so I stay away from it. Many people aren’t as cautious as I in that respect and make foolish choices that wind up costing them big time.
That’s all I’m saying. If it works for you, more power to you. I just know my limitations.