That's also before the vast majority of people had significant stock holdings. If nearly every boomer, gen-xer, and millennial has a significant portion of their wealth in stocks via their employer retirement plans, they're not going to tolerate a decade of low/no growth, and the Fed knows it.

Technically, it's analysis

They raised my insurance rates by about 40% in the last 3 years. No accidents or tickets, 800 FICO.

Despite that, they're still about 5% cheaper for the same coverage from the cheapest competitor, so no reason to switch.