The "high" cost of money is high to those who came of borrowing age after 2009. To those of us who are older it is not that high. The thing that has changed is the price of a house or car. If the interest rates returned to zero, the prices of those things remain the same. That's where the real issue lies for the average person.
The "high" cost of money is high to those who came of borrowing age after 2009. To those of us who are older it is not that high. The thing that has changed is the price of a house or car. If the interest rates returned to zero, the prices of those things remain the same. That's where the real issue lies for the average person.
I believe several other things come into play. In the 80тАЩs and 90тАЩs rates were high, but families didnтАЩt need cell phones, computers and high price electrical power. Also the minimum wage that was raised nationwide back then has not kept pace with inflation.
The "high" cost of money is high to those who came of borrowing age after 2009. To those of us who are older it is not that high. The thing that has changed is the price of a house or car. If the interest rates returned to zero, the prices of those things remain the same. That's where the real issue lies for the average person.
I believe several other things come into play. In the 80тАЩs and 90тАЩs rates were high, but families didnтАЩt need cell phones, computers and high price electrical power. Also the minimum wage that was raised nationwide back then has not kept pace with inflation.
True that.