The poor choices were not theirs. They were those of the elite who bailed out the banks, etc. Remember???
Yes.
25 years ago, a money market account was paying a modest 8%. One could also find CDs paying up to 12%.
For the last 2 decades, most of those accounts are paying LESS than 1%.
Anyone planning on interest on savings got shafted. Who is one of the biggest benefactors of low interest? The government. Imagine if they had to still pay 8 to 12% interest on the money they owe.
Of course you are correct. The artificially low interest rates destroyed that rung on the ladder to and through the middle class for savers.
Millions lost the ability to climb in the Bush and Obama years. Republicans lying about their conservatism! Dems doing what Dems do.