The future of America’s baby boomers is under threat, warns “Rich Dad, Poor Dad” author Robert Kiyosaki.
In a post on X last week, Kiyosaki predicted an impending homelessness crisis among this generation, attributing the looming issue to the Federal Reserve’s policies.
As a baby boomer himself, Kiyosaki opined that the Federal Reserve’s practice of printing fiat currency is leading to price hikes, making life increasingly difficult for the average American.
He argued that this policy is disproportionately benefiting asset owners, while leaving the poor and middle class in a lurch.
“Baby Boom Retirements are going to be wiped out. Many boomers will be homeless or living in their kids basement. Sad,” he said.
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Despite the bleak forecast, Kiyosaki also shared his insights on assets that can withstand inflation and money printing. He has been a long-time advocate for gold, viewing it as a safeguard against inflation.
He also holds the belief that real estate can serve as a potent hedge during inflationary periods.
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-generating real estate and to explore entrepreneurship as a means to secure their financial future.
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Image: Shutterstock/YAKOBCHUK VIACHESLAV
