The Fed has indicated that interest rates in the USA could rise as early as June. In the UK, the FTSE 100 has fallen as a result. In the UK we have had low interest rates for years now and young people have no idea about living with higher rates and all this means. Debt suddenly becomes expensive, mortgages go up and savings rates improve. There is also the issue of balance of payments as foreign governments become more reluctant to lend us money to live beyond our means.