Julie Jason: Who runs mutual funds?

Mutual funds have grown in importance to U.S. households through the decades. About 30 years ago, when I first started on Wall Street, only about 5 percent of U.S. households owned mutual funds. Now more than 40 percent do, according to the Investment Company Institute. Seventy-three percent of mutual fund owners are married or living with a partner. Fifty percent are college grads, and 76 percent are employed. Thirty-eight percent are baby boomers (born 1946-1964), 33 percent are Gen Xers (born 1965-1980), and 18 percent are millennials (born between 1981 and 2004). About 94 million people (43.6 percent of all U.S. households) now own mutual funds.

from Business http://www.ctpost.com/business/article/Julie-Jason-Who-runs-mutual-funds-12312104.php