The future of America’s baby boomers is under threat, warns the author of ‘Rich Dad, Poor Dad’ Robert Kiyosaki.
In a post on X last week, Kiyosaki predicted a looming homelessness crisis among this generation, attributing the looming problem to Federal Reserve policies.
Kiyosaki was a baby boomer himself and believed that the Federal Reserve’s practice of printing fiat money is leading to price increases, making life increasingly difficult for the average American.
He argued that these policies disproportionately benefit asset owners while abandoning the poor and middle class.
“Baby Boom pensions will be wiped out. Many boomers will be homeless or living in their children’s basements. Sad,” he said.
Also read: Robert Kiyosaki warns of dollar collapse and urges investors to buy gold, Bitcoin and Ethereum
Despite the gloomy forecasts, Kiyosaki also shared his insights on assets that can withstand inflation and money printing. He has long been an advocate for gold and views it as a hedge against inflation.
He also believes that real estate can serve as a powerful hedge during periods of inflation.
Kiyosaki, who has been actively investing in these assets, disclosed that he owns gold mines and 1,500 rental properties. He urges others to consider investing in income-producing real estate and explore entrepreneurship as a means to secure their financial future.
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