In an exploration of individual retirement accounts (IRAs) and pension plans, the study exposes huge losses that could significantly delay the retirement plans of countless Americans. The study states that upon assuming office, the Biden administration embarked on an ambitious spending spree alongside their big-spending allies in Congress.
With multitrillion-dollar tabs accumulating and no clear means to foot the bill, the Federal Reserve resorted to creating money to finance the unprecedented expenditure. This triggered a 40-year-high inflation rate, swiftly followed by interest rate hikes unseen in decades.