Agreed. We have many "old" people that use our website and I can tell you for a fact that the "click here" is less confusing than some random blue link (which at this point has lost it's meaning because of seo keyword stuffing).
Not to mention "click here" is a call to action and a random blue link is not. Call to actions are important.
Not to mention "click here" is a call to action and a random blue link is not. Call to actions are important.