It’s also important to compare the purchasing power of those two groups. Sure, interest rates may be lower, but the purchasing power (a.k.a how much does a dol

It’s also important to compare the purchasing power of those two groups. Sure, interest rates may be lower, but the purchasing power (a.k.a how much does a dollar/euro get me?) has also declined dramatically over the last several years. If your parents are retired and on a fixed income, tax increases and insurance premium hikes are a major factor to consider as well.