But that's just the simple answer. Technically it's true, but you can change that.
You've probably heard that compound interest is the most powerful force in the universe. But it really starts off pretty lame. The only way it starts being awesome right away is if you have a huge initial capital or the interest is preposterously high (obviously-scam-high).
And the stocks and equity funds usually touted as better alternatives generally follow the same principle. It might give better returns (something like 20% vs 1%). But even if you can get a 100% return, it won't mean much if your initial investment was just 5000.
Not to disparage that initial 5k; we all have to start somewhere. And that 5k profit is great. But with compounding interest, the work isn't done by just watching your money earn interest. The great work is done by increasing the capital/principal amount yourself.
The secret to successful investing isn't a magical investment vehicle that gives big returns (although obviously that would be fantastic). The secret is your discipline to keep saving and keep investing. And as your income increases (or debts decrease), increase the amount you save and invest as well.
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