# ep 381 | How the '87 crash shaped a generation

An episode of [On Point](https://invisiblenetwork.ai/podcast/1667364727), 21 Jul 2026, 10 min.

Audio: https://anchor.fm/s/6a9959d4/podcast/play/122943493/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-6-18%2F428163622-44100-2-5390948d6cdab.m4a

The sharemarket crash of 1987 was a major global event, but it hit New Zealand harder than other countries. Our sharemarket fell much more than the likes of the US, UK and Japan, while the recovery took much longer. That scarred an generation and changed the fabric of how we invest, but are those bad memories beginning to fade?

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