Well, I must be one of the minority currently benefiting from the slightly higher interest rates. Interest rates on my savings accounts and more recent GICs have risen (hooray!) and I have no debts. But, if interest rate trends are reversed soon and start to go lower, people like me will get hurt - again. No one ever sheds tears for us retirees, so I'm shedding no tears for the ones who have been hurt by rising interest rates, since they are the authors of their own problems.