Remember those things?
Before I got my first CD player, that's similar to what we had to listen music on. MP3 at 128 kbps are an audiophile's dream by comparison. Even those of my friends whose parents had a bit more money didn't own anything that would qualify as audiophile quality.
I remember the first music tape I made using my little tape recorder (because my parents didn't have a tape deck, only an 8 tracks) - the album was KISS' Creatures of the Night that I'd borrowed from a friend. I had brought the living room's turntable speakers into my room, pressed record and closed the door behind me, ran back to the living room and then put on the vinyl.
I listened to that crappy tape so often that I could hear music backwards between the songs. Eventually it just fell apart. But as crappy as it was, that tape completely changed my life. Those drums that sounded like thunder, the heavy guitars, Gene Simmons growling voice and those wailing guitars - everything so heavy and dark. It all transcended the audio quality.
If we did a comparison, I'm actually convinced that ordinary people now have access to much better audio quality than they ever did.