Who was the most affected during the Wall Street crash?

The most affected individuals during the Wall Street crash of 1929 were middle and lower-class investors, many of whom had invested their life savings in the Stock Market, believing in its continuous rise. As stock prices plummeted, these investors faced devastating financial losses, leading to widespread bankruptcies and unemployment. Additionally, banks that had invested heavily in the market also suffered, resulting in a banking crisis that further deepened the economic downturn, disproportionately impacting the working class.