By Alex Mashinsky
Universal/Courtesy Everett Collection
If I were Marty McFly from “Back to the Future,” I would travel back and warn everyone against borrowing money from their future selves.
Does that sound crazy? Well, financial companies, the Federal Reserve, banks, and brokers all claim that they act in your best interests, yet your retirement statements prove otherwise. We are seeing the deepest gap ever between the haves and have-nots with savings erosion through COVID-19, a devastating recession, and lack of government support that has left people wondering who is serving their needs.