Stock market investing is at record highs, with some new demographic trends: Younger people are investing earlier, and lower-income people are investing more, new research from the JPMorganChase Institute shows.

Why it matters: Those investing patterns come amid a decline in first-time home ownership, suggesting a shift in how young people are planning to build wealth, which could have serious policy and economic implications.

What they're saying: "Fewer 25-year-olds own a home, but more 25-year-olds are investing in the stock market," says George Eckerd, research director at JPMorgan Chase.

By the numbers: As of early 2025, people with below-median incomes were five times more likely to be adding money to financial investments than they were a decade ago. • About a third of 25-year-o

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