Yeah, that can be very brutal when people try to manage their own savings and leave it in high risk areas when close to or during retirement. Blaming Biden doesn't help as much as taking responsibility and hiring a financial planner does.
are you telling my you've made money last 2 years in your stock investments ?
I'm not retired or close to it. In 20 years when I am, I'll absolutely be in safer investments. I'm in long-term retirement building phase right now and I've increased my 401k contribution and maxing out IRAs, I-Bonds, added a little real estate (land) and of course burying tens of thousands of wheat pennies in the yard.
Personal investments outside of retirement savings, yes, I have been doing pretty good and up the past two years since I was heavy in energy stocks and really loaded up during the Covid crash.