Quote Originally Posted by Vindec View Post
I think you are incorrect. Interest rates have been consistently low for most of your adult life compared t say the 1970's when interest rates were in excess of 20%.

In answer to Eric's comment - labour did not ruin the economy. It was World factors including a virtual collapse in the Banking system internationally due mainly to investment institutions purchasing financial instruments they didn't understand. Labour got the blame for the financial mess in 2008 but later detailed analyses showed that the problems experienced were due to factors completely outside their control.
I don't know why people keep bringing up this interest rate nonsense. House prices were a fraction of what they are today so it's irrelevant.

Boomers when they were the same age as millenials had about 30% of the countries wealth, millenials have about 4%..