You are technically right, but anyone 35 and younger is currently experiencing the highest interest rates of their adult lives.
Whether higher rates are good or bad is irrelevant considering the economic churn that occurs when a system that's built up around one set of assumptions (cheap money and low return on fixed income) has to rebuild itself around a new reality.
Whether higher rates are good or bad is irrelevant considering the economic churn that occurs when a system that's built up around one set of assumptions (cheap money and low return on fixed income) has to rebuild itself around a new reality.