People are getting more savvy, inflation is running wild, currencies are being devalued consistently. People are trying to set themselves up financially because life is getting more & more expensive. This stat does not surprise me, I think more & more money will pour into stocks as people try to improve their lives.
While some people are becoming more financially savvy, they are starting to realize that currency devaluation and inflation are eroding their assets...One of the other reasons why people rush to invest in the financial market is because people want to get rich quick, they want to have passive income without having to work too much...And this is not only happening with the US stock market, the trend of investing in financial markets is increasing strongly globally, and the participants are mainly young people and they mainly invest in high-risk assets such as stocks and crypto.
https://www.weforum.org/stories/2024/05/globally-young-people-are-investing-more-than-ever-but-do-they-have-the-best-tools-to-do-so/