According to surveys by the Investment Trusts Association, 23% of people in their twenties invested in mutual funds last year, up from 6% in 2016. So did 29% of people in their thirties, up from 10%—a bigger rise than in any other age group. Those with exposure to the Nikkei 225, which on February 22nd passed a record high set in 1989, are reaping the rewards.
https://www.economist.com/finance-and-economics/2024/02/22/as-the-nikkei-225-hits-record-highs-japans-young-start-investingIt took 35 years for the Nikkei 225 to recover to its 1989 record close. In contrast, the Dow Jones Industrials Average reached a record close in November 1954 -- about 25 years after its 1929 high. So it took the Nikkei 10 years longer to recover from its bubble than the Dow from the 1929 bubble.
