I would argue that the main reason isn’t FOMO. It’s increased awareness, resources to educate yourself, and resources to participate. All of these come from the Internet.
Also availability. Nowadays you can buy stocks for free on your phone… 20 years ago you had to physically go to your bank, pay extremely high fees, and probably get scammed into buying some expensive fund because you didn’t have the possibility to easily research stuff on your own…
I would argue that the main reason isn’t FOMO. It’s increased awareness, resources to educate yourself, and resources to participate. All of these come from the Internet.
Also availability. Nowadays you can buy stocks for free on your phone… 20 years ago you had to physically go to your bank, pay extremely high fees, and probably get scammed into buying some expensive fund because you didn’t have the possibility to easily research stuff on your own…