What bitrate is, and why speech needs so little of it
Bitrate is how much data gets stored for each second of sound. A CD spends 1,411 kbps because it has to carry all of the music, top to bottom, from 20 Hz to 20,000. A human voice doesn't come close to either end: it lives between roughly 80 and 3,500 Hz, which is exactly why a telephone is perfectly intelligible on a fraction of that data.
So a recording of people talking at 96 kbps sounds the same as at 320 to anyone listening, and weighs a third as much. Below that it starts to show: at 48 kbps the voice turns metallic, though it stays understandable. With music underneath, the floor rises, and there it's worth staying at 128 or above.