‘Rich Dad’ Kiyosaki’s Warning… “Baby Boomer Generation Faces Large-scale Homelessness Crisis… Will Live in Child’s Cellar”
By Benzinga

Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad,” warned about the future of the baby boomers generation in the United States.

In a post on X (formerly Twitter) last week, Kiyosaki predicted that the Fed’s policy would lead to a massive homelessness among the baby boomers.

The baby boomer generation pointed out that the life of ordinary Americans is getting harder as the Fed’s issuance of legal currency encourages inflation.

He argued that these policies benefit only the wealthy and put the poor and the middle class in trouble.

“All the retirement funds of the baby boomers generation will disappear, and many will be homeless or live in their children’s cellars,” Kiyosaki said.

In another post, Kiyosaki noted that even Warren Buffett acknowledges the baby boomer generation is in trouble, and that millions could become homeless as inflation erodes the value of 401(k) retirement pensions.

Despite the dismal outlook, Kiyosaki also shared views on assets that could counter inflation and currency issuance.

He has long recommended gold as a defense against inflation.

He also believes real estate can be a strong hedge in times of inflation.

In fact, Kiyosaki, who has been actively investing in these assets, said he has gold mines and 1,500 rental properties.

He urged others to consider starting a business as a means to invest in profitable real estate and secure a financial future.