>> but that's really not what investing your savings should be about.

I just had a follow-up thought to my own post (too late to edit).

Maybe part of this culture is that many of the most aggressive young growth stock investors are not investing their savings. That is, what's been inflating these bubbles is inherited wealth being directed away from responsible investments and towards speculation. Contrary to what I'm saying, I do know a few people (not just Millennials) who have blown uncomfortably large portions of their actual earned income / work savings on bad crypto investments... but I still feel like people are more careful and conservative when they're investing money they actually worked to earn.

Or they were. Maybe the whole society tips over towards hype and FOMO when it's all we see online everyday.