"Days That Used to Be" is a wistful tune in which Young addresses someone in his past, recalling simpler times when money wasn't such a burdensome concern.
For a little while, "Days That Used to Be" was titled "Letter to Bob," with the Bob being Bob Dylan. The song's melody is also almost identical to Dylan's "My Back Pages
." So, Mr. Dylan was clearly prominent in Young's mind when he wrote this song, and is probably the person Young first imagined addressing. However, speaking to Fred Schruers of Musician
in February 1991, Young clarified that the song was directed to all his old buddies from that generation, not just Dylan.
"Yeah, but it's about everybody from that generation," Young told Schruers. "It's to me as well as everybody else."