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You can work, but you can't afford housing, healthcare or education. This is the disastrous consequence of re-inflating another asset bubble after 2008-2009 with a decade of zero interest rates and a doubling of the national debt. The wealth inequality between capital and labor is the direct cause of political volatility globally.

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In the sort run, sure, low interest rates make the assets of the rich more valuable, at least on paper. In the long run though, low interest rates push against wealth inequality. People who have more money than they need collect interest, people who need a loan to get an education or buy a house pay interest.

Also, it doesn't seem plausible that an asset bubble is the reason healthcare is expensive.

The principal grows faster than the savings from the lower interest rates because other people are getting loans as well. The only way to benefit from low interest rates is if you already have a high interest rate loan from a decade ago and want to refinance.

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