>no one under 50 has really witnessed it in their adult life I had a car loan in the early 21st century, and the rate was about 6%. It didn't seem that bad at

>no one under 50 has really witnessed it in their adult life I had a car loan in the early 21st century, and the rate was about 6%. It didn't seem that bad at the time. I think I remember when the bank paid 4% on savings accounts in the 80s or 90s. That's not to say inflation was very high in my lifetime, but it took a long time for people to get really complacent that it wasn't coming back, and super low (or negative) interest rates are quite recent. It's only been about 40 years since 30-year mortgage rates were over 18%. Someone in their 40s may not remember it first hand, but they probably have a sense from the older generation that is a thing that happened.