Worldviews typically include who we are, why we're here, what purpose (if any) we have in life, etc. It seems strange to me that someone's worldview could be thoroughly based on interest rates.
Worldviews typically include who we are, why we're here, what purpose (if any) we have in life, etc. It seems strange to me that someone's worldview could be thoroughly based on interest rates.
For people who are their own favorite subject, maybe. For everyone else it is an internal model of the way the world works, which allows you to make sense of things. So when you are interested in the way the world actually works, not how you feel it should work, economics is very important.
It is not very possible to buy a house with high interest rates. So, most of your earnings go to rental cost.
You shape your life with what you have left to spend.
This is further reinforced by past, ultimately disastrous attempts at going around the problem of high interest rates, like taking a mortgage indexed to CHF.
And it's only going to get worse now that interest rates ballooned to values unseen for a decade in a span of months.