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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Interest rates are just one part of expenses.
They’re essentially saying even though you’ve been getting a pay cut for the past 40 years and we’ve been steadily increasing prices, and we are now making you pay for more things without any help (health insurance, retirement, etc) – you should be grateful.
If you’re asking for Boomer reasoning, I suspect they aren’t adjusting for inflation and cost of living.
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