Inflation Pushes Retired Baby Boomers Back to Work, Says Robert Kiyosaki

Personal finance expert Robert Kiyosaki has voiced concerns about inflation, attributing it to excessive money printing.

He claims this situation is forcing many baby boomers to abandon retirement and seek jobs again. Kiyosaki highlighted how rising prices have eroded the value of 401k pension plans, leaving retirees struggling to cover everyday costs.

Kiyosaki suggests that the Federal Reserve’s actions, particularly the printing of what he refers to as “fake money,” have fueled inflation. He argues this has disproportionately benefited the wealthy, while those in lower economic brackets face growing financial pressure.

“Boomers can’t live on their savings anymore because it’s filled with what I call fake assets,” Kiyosaki commented, noting how the increase in prices extends beyond basic goods like food and fuel, affecting almost all aspects of life. He advises people to focus on acquiring tangible assets such as gold, silver, and Bitcoin to maintain financial security.

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Recently, Kiyosaki predicted that if the Federal Reserve lowers interest rates during its upcoming meeting on September 18th, there will be a surge in the value of Bitcoin, gold, and silver.

He believes this shift would result in investors abandoning traditional assets like U.S. bonds in favor of alternatives that offer greater stability and growth potential. Kiyosaki added that debates over whether gold or Bitcoin is superior are as trivial as arguing over which luxury car brand is better.

Alexander Stefanov