"The United States faced a similar challenge in the 1970s. There, a series of pivotal shifts reshaped attitudes toward saving, investing, and wealth accumulation, and redefined what it means to be an investor actively participating in a nation's economic growth. A central thread in the U.S. journey toward mainstream investing has been putting the individual investor at the heart of everything."
"Schwab's story is central to the U.S.' transition to becoming more of a nation of investors. When the Securities and Exchange Commission (SEC) deregulated brokerage commissions in 1975, most firms seized the opportunity to raise their fees, but Schwab went the other way - we cut them. This decision became a catalyst for a sweeping cultural shift that made investing a bigger part of American life than ever before."
The UK Chancellor called for a shift from cash to equities and promised to rebalance regulation to boost retail investment and economic growth. The United States underwent a comparable transformation in the 1970s that reshaped saving, investing, and wealth accumulation, centering the individual investor. Making investing accessible requires low-cost services, clear products, improved customer experiences, industry standards, and regulatory frameworks that encourage participation while offering education, tools, support, and investor safeguards. Schwab reduced fees after 1975 deregulation and invested in resources to guide investors, helping expand stock ownership and retirement saving across the workforce.
Read at Fortune
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