> Back in the days when interest rates went down, people started new businesses or expanded those they already owned at a huge pace. I mean the population as a

> Back in the days when interest rates went down, people started new businesses or expanded those they already owned at a huge pace. I mean the population as a whole not the businesses in the S&P500. Did you miss the startup boom + bubble of the past decade or something > Investing in the stock market with a financial advisor essentially buying the S&P or some other mutual fund..that's way less risky than starting your own business. Increases in the cost of healthcare, housing, education, etc. probably has something to do with the growing precariousness of the population and less willingness to engage in risky ventures like starting businesses. Can't blame people for wanting to mitigating risk when the stakes are so high these days.