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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Anonymous 0 Comments

Most boomers are lost into their own echo chambers right now. They do not comprehend what minimum wage should be based on inflation from a 50s POV. They don’t realize that their grandparents/parents in the silent generation set their futures up 20-40 years before hand and set high tax rates coupled with WW2’s aftermath to make Americas working class so powerful. They think they did it and they didn’t do shit. Their parents and grandparents did and they just benefitted from it and never trickled it down, even to their own families.

My IL’s on wife’s side are totally fine with the we got it, you don’t have it, even though we are family. The cucks live on the water with ocean access in S. Florida and this is what they believe and support. They give 0 fucks. Conservative fuck holes is what they are. We got ours so fuck you types. That’s what all of us non boomer’s got to deal with. We are fucked until all the boomer are fucking dead and out of the work pool, and even then, we are still fucked until we come together as a singular American union and bring this economy to a halt and achieve our demands.

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