Eli5: why are interest rates now considered worse than higher interest rates of decades ago?

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I am surrounded by boomers saying this that in their day interest rates were at 15% and we have it easy! I’m also surrounded by the younger generations saying this is ‘not the same thing’

Explain to me the reasoning…

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42 Answers

Anonymous 0 Comments

Interest rates haven’t been this high in over 20 years.

Pointing out that they used to be even higher is irrelevant, as it changes nothing.

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