I wonder to what extent it's just new people joining the internet, where late-adopters are more likely to be more risk-averse by nature. US Internet penetratio

I wonder to what extent it's just new people joining the internet, where late-adopters are more likely to be more risk-averse by nature. US Internet penetration was only 50% in 2000, now up to 78%: https://www.statista.com/statistics/185700/percentage-of-adult-internet-users-in-the-united-states-since-2000/ https://www.statista.com/statistics/185700/percentage-of-adu... In 1995 it was less than 10%.