Effective Federal Funds Rate in +/- 10 Years to April 19, 2018
Assuming a person becomes financially / economically aware around the age of 22 (I can hear the chorus, “if at all”), then anyone born after 1985 has only known a near zero short term interest rate environment. Even those older than this to a degree seem to have begun to taken it for granted. As can be seen in the accompanying chart of the effective federal funds rate for the past 10 years or so, this is changing.