A 6.5% risk free return has not been available for decades. Nothing close. Anyone who thought there could possibly be a 6.5% riskless (or even low risk) return in 2022 conjures an old saying - "a fool and his money." I feel sorry for them, but yet I'm not sympathetic. Some people took their life savings into a casino and bet it all. Jeez.
We need financial literacy mandated classes in U.S. high schools before everyone is ultimately swindled out of everything they have. The fact that people are millions "investing" in so called cryptocurrencies tells us that we have a woefully inadequate financially educated populace. Using real money to buy fake money has got to be the most obvious con in history. And yet here we are