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America\u2019s baby boomers are often seen as the lucky ones \u2014 the generation that bought homes before prices soared, rode decades of stock market growth and built their careers in a less cutthroat job market than what many face today.<\/p>\n
But according to Rich Dad Poor Dad author Robert Kiyosaki, those golden years may soon lose their luster and put some older Americans out on the street.<\/p>\n
In an appearance on The Iced Coffee Hour podcast, Kiyosaki issued a blunt warning: America\u2019s boomers will face a wave of homelessness \u2014 and he\u2019s placing the blame squarely on one institution (1).<\/p>\n
\u201cThe reason we have homelessness today is because we have a Federal Reserve bank \u2014 it\u2019s a criminal organization,\u201d he said. \u201cLook how homelessness is exploding. People can\u2019t afford homes.\u201d<\/p>\n
Kiyosaki argued that by printing fiat currency, the Federal Reserve fuels price increases that make everyday life harder for ordinary Americans. He noted that Social Security isn\u2019t enough on its own, and that, \u201cwe\u2019re going to get wiped out via inflation.\u201d<\/p>\n
When coupled with market uncertainty, many boomers might not be as safe as they think.<\/p>\n
\u201cWhen you print fake money, which this stuff is, you make life harder on people,\u201d he said, holding up a pair of U.S. dollar bills.<\/p>\n
He went on to explain that printing money disproportionately benefits asset owners at the expense of the poor and middle class.<\/p>\n
\u201cSo if you own a house and you print money, you feel, oh, the price of my house went up. But the average person sees the price of chicken and eggs and yogurt goes up and \u2014 and inflation wipes them out.\u201d<\/p>\n
Here\u2019s a closer look at why Kiyosaki is making these gloomy predictions, and how you can protect yourself.<\/p>\n
Kiyosaki is no stranger to making these kinds of warnings.<\/p>\n
Recently, he issued another grim warning about economic collapse on X \u2014 but this time, with a silver lining.<\/p>\n
\u201cTime to get rich?\u201d he wrote in March 2026 (2).<\/p>\n
\u201cWhen the bubbles go bust I predict gold will hit $35,000 an ounce one year after the gold bubble goes pop. I predict silver to hit $200 an ounce a year after the bust. I predict Bitcoin will hit $750,000 a coin a year after the crash.\u201d<\/p>\n
While not all of Kiyosaki\u2019s predictions come true, he did predict the sharp uptick in gold prices, writing on X in 2023 that gold and silver would hit $3,700 and $60 per ounce, respectively (3).<\/p>\n
At their peak, the price of gold hit $5,608.35 per ounce (4) and silver $121.64 per ounce (5).<\/p>\n
So, when he makes predictions, it might pay to listen. But, given recent pullbacks in the spot price, you may want to consider timing your own exit.<\/p>\n
Read More: I\u2019m almost 50 years old and don\u2019t have retirement savings. Is it too late?<\/a><\/strong><\/p>\n The main object of Kiyosaki\u2019s pessimism is the Federal Reserve.<\/p>\n For example, after news broke that the Department of Justice had opened a criminal investigation into the Fed\u2019s $2.5 billion headquarters renovation, he posted on X: \u201cYay: it\u2019s about time (6).\u201d<\/p>\n Calling Chair of the Federal Reserve Jerome Powell a \u201ccriminal counterfeiter,\u201d Kiyosaki argued the Federal Reserve\u2019s policies are \u201cMarxist\u201d because it\u2019s a centralized bank.<\/p>\n \u201cThe creation of the Fed in 1913 and brought with it the 16th Amendment \u2026 a.k.a. Income tax,\u201d he claimed in an X post from January 2026.<\/p>\n \u201cUp until the creation of the Fed, America was a tax free nation. America was founded on a tax revolt known as the Boston Tea Party in 1773. Then came the Fed in 1913,\u201d he added.<\/p>\n While Trump\u2019s contempt for the central bank chair seemingly stems from his unwillingness to cut rates aggressively, Kiyosaki has a different view. After the third interest rate cut by the Fed in late 2025, Kiyosaki hinted that the cuts might lead to hyperinflation.<\/p>\n In a post on X from December 2025, he wrote, \u201cThe FED lowered interest rates \u2026 signaling QE (quantitative easing) or turning on the fake money printing press \u2026 What Larry Lepard calls \u2018The Big Print\u2019 the title of his great book. This will lead to Hyper-Inflation \u2026 making life very expensive for the unprepared (7).\u201d<\/p>\n Since those cuts in late 2025, the Fed has maintained the same interest rates, although some officials stated they expect cuts in the future (8).<\/p>\n Kiyosaki may also be right that life is about to get even more expensive.<\/p>\n Since the U.S. declared war on Iran, several top economists have suggested that stagflation is the next stop for the country\u2019s economy.<\/p>\n One prominent, Nobel Prize-winning economist even predicted it would happen before war broke out. Paul Krugman wrote in his Substack, \u201c[Fed chair] Powell says that the economy\u2019s troubles weren\u2019t severe enough to be called stagflation. But things were looking a bit, well, stagflationish (9).\u201d<\/p>\n Krugman contradicts President Trump\u2019s statements that the Strait of Hormuz will be reopened soon, and instead supports the theory that oil prices are likely to skyrocket (10).<\/p>\n This pessimism is echoed in the job market, as the U.S. lost 92,000 jobs in February (11). The overall unemployment rate has also ticked up from 4.3% to 4.4%, and some analysts are predicting it could get worse.<\/p>\n \u201cIt really illustrates how fragile the economy is on the labor market side of it,\u201d Diane Swonk, chief economist at KPMG US, said to CNN in an interview (11).<\/p>\n \u201cThe labor market weakness that we had seen emerge last year has not completely abated,\u201d she added. \u201cWe had a labor market that nearly froze last year, and it seemed to show some signs of thawing, which made it slushy at best.\u201d<\/p>\n She also noted that the health care industry posted a loss of 28,000 jobs. This industry, which Swonk called the \u201cone-legged stool\u201d of the job market, was responsible for most of the job growth in the country in 2025.<\/p>\n Meanwhile, Kiyosaki is particularly concerned about baby boomers \u2014 his own generations. Born in 1947, he is among the earliest baby boomers \u2014 a generation typically defined as those born between 1946 and 1964. And he believes his peers will be especially vulnerable.<\/p>\n \u201cThe boomers don\u2019t have enough money to get through inflation. The boomers are going to be homeless all over the place,\u201d he said on The Iced Coffee Hour podcast.<\/p>\n \u201cSo mark my words, I\u2019m the first of the boomers,\u201d he added. \u201cYour mommy and daddy may be on the street because inflation is going to wipe out their Social Security.\u201d<\/p>\n His concerns tap into a very real issue. While Social Security Administration benefits are adjusted annually for inflation, many experts note that these cost-of-living adjustments often fall short of the rising expenses older Americans face \u2014 especially for housing and health care (12).<\/p>\n And even those benefits aren\u2019t guaranteed at current levels forever. The Social Security trust fund reserves are projected by the Social Security Administration to become insolvent in 2035 \u2014 and possibly even sooner. Without congressional action, taxes are estimated to pay for only 75% of scheduled benefits by 2035 (13).<\/p>\n The good news? Kiyosaki also shared the assets he believes can stand strong against inflation, money printing and more.<\/p>\n Kiyosaki has long been a vocal advocate for gold. His reasoning is straightforward: \u201cI\u2019m not buying gold because I like gold, I\u2019m buying gold because I don\u2019t trust the Fed,\u201d he said in an interview from 2021 (14).<\/p>\n Indeed, the yellow metal is a natural hedge against inflation \u2014 unlike fiat currencies, it can\u2019t be printed at will by central banks. Gold is also widely considered the ultimate safe haven asset. It\u2019s not tied to any one country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors often flock to it \u2014 driving prices higher.<\/p>\n And Kiyosaki has been hoarding the metal: \u201cI have boxes of gold. I own gold mines,\u201d he revealed (14).<\/p>\n He\u2019s not alone in this stance. Ray Dalio, founder of the world\u2019s largest hedge fund, Bridgewater Associates, told CNBC that \u201cpeople don’t have, typically, an adequate amount of gold in their portfolio,\u201d adding that \u201cwhen bad times come, gold is a very effective diversifier (15).\u201d<\/p>\n If you\u2019re looking for a way to get in on the gold rush, one way to invest in gold that can also provide significant tax advantages is to open a gold IRA with the help of Priority Gold<\/a>.<\/p>\n Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, which combines the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against inflation and economic uncertainty.<\/p>\n Plus, if you\u2019d like to convert an existing IRA into a gold IRA, Priority Gold offers 100% free rollover, as well as free shipping and free storage for up to five years. Qualifying purchases can also receive up to $10,000 in free silver<\/a>.<\/p>\n To learn more about how Priority Gold can help you reduce inflation\u2019s impact on your nest egg, download their free 2026 gold investor bundle<\/a>.<\/p>\n Gold isn\u2019t the only asset that Kiyosaki is championing, however. He has been a long-standing supporter of cryptocurrencies.<\/p>\n \u201cI invest in Bitcoin and Ethereum knowing they can boom and bust, because the Fed, the US Treasury, nor Buffet can produce Bitcoin or crypto,\u201d Kiyosaki stated in an X post from November 2025, adding, \u201cBitcoin increases in value as the US dollar goes down in purchasing power (16).\u201d<\/p>\n But for some, especially older investors, investing in cryptocurrencies might seem complicated, or even overwhelming. But these days, it\u2019s becoming easier than ever to move into this alternative asset class.<\/p>\n So, if you\u2019re looking to diversify beyond traditional stocks and ETFs, Robinhood Crypto lets you buy and sell cryptocurrencies with as little as $1<\/a>.<\/p>\n With some of the lowest trading costs on average in the U.S., you could end up with up to 2.7% more crypto compared to other platforms.<\/p>\n Robinhood Crypto<\/a> makes it easy to make investing a habit with recurring buys on a fixed schedule, while giving you access to all your favorite coins \u2014 from Bitcoin and Ethereum to Solana, Dogecoin, XRP and more.<\/p>\n You can also transfer crypto securely to other wallets, set custom price alerts, track market trends and manage your portfolio all in one place.<\/p>\n Robinhood<\/a> ensures the security of your cryptocurrency is a top priority, with the majority of coins held in offline cold storage. Robinhood also carries crime insurance against theft and cyber breaches, and 24\/7 customer support is available if you need help.<\/p>\n In addition to gold and cryptocurrencies, you can always go for one of the tried-and-true assets: Real estate can often be a powerful hedge during inflationary times.<\/p>\n When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, however, rental income tends to go up, providing landlords with a revenue stream that adjusts for inflation.<\/p>\n Kiyosaki is also no stranger to this asset class.<\/p>\n In a post on X, Kiyosaki laid out the steps he believes individuals can take to brace for a recession \u2014 and highlighted real estate\u2019s income-generating power (17).<\/p>\n \u201cI have always recommended people become entrepreneurs, at least a side hustle and not need job security. Then invest in income-producing real estate, in a crash, which provides steady cash flow,\u201d he wrote.<\/p>\n Today, you don\u2019t need to be as wealthy as Kiyosaki to get started in real estate investing. Crowdfunding platforms like Arrived<\/a> offer an easy way to get exposure to this income-generating asset class.<\/p>\n Backed by world-class investors, including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties<\/a>, earning a passive income stream without the extra work that comes with being a landlord of your own rental property.<\/p>\n To get started, simply browse through their selection of vetted properties<\/a>, each picked for their potential appreciation and income generation.<\/p>\n Once you choose a property, you can start investing with as little as $100<\/a>, potentially earning quarterly dividends.<\/p>\n If diversifying into multifamily and industrial rentals appeals to you, you could consider investing with Lightstone DIRECT<\/a>, a new investing platform from the Lightstone Group, one of the largest private real estate companies in the country with over 25,000 multifamily units in its portfolio.<\/p>\n Since they eliminate intermediaries \u2014 brokers and crowdfunding middlemen \u2014 accredited investors with a minimum investment of $100,000 can gain direct access to institutional-quality multifamily opportunities. This streamlined model can help reduce fees while enhancing transparency and control.<\/p>\n And with Lightstone DIRECT, you invest in single-asset multifamily deals alongside Lightstone \u2014 a true partner \u2014 as Lightstone puts at least 20% of its own capital into every offering. All of Lightstone\u2019s investment opportunities undergo a rigorous, multi-stage review before being approved by Lightstone\u2019s Principals, including Founder David Lichtenstein.<\/p>\n How it works is simple: Just sign up with your email, and you can schedule a call with a capital formation expert<\/a> to assess your investment opportunities. From here, all you have to do is verify your details to begin investing.<\/p>\n Founded in 1986, Lightstone has a proven track record of delivering strong risk-adjusted returns across market cycles with a 27.6% historical net IRR and 2.54x historical net equity multiple on realized investments since 2004. All told, Lightstone has $12 billion in assets under management \u2014 including in industrial and commercial real estate.<\/p>\n As such, even if multifamily rentals don\u2019t appeal to you, Lightstone could still serve you well as an investment vehicle for other real estate verticals.<\/p>\n Get started today with Lightstone DIRECT<\/a> and invest alongside experienced professionals with skin in the game.<\/p>\n Finally, if you struggle to manage your money, or you just want help figuring out the best path for your fortune, a financial advisor can help crunch the numbers and build a plan that works.<\/p>\n But hiring an advisor can be a lifelong commitment, which might make or break your retirement. That\u2019s why finding reliable advisors is crucial.<\/p>\n That\u2019s where Advisor.com<\/a> can come in. The platform connects you with an expert near you for free.<\/p>\n Advisor.com does the heavy lifting for you, vetting advisors based on track record, client ratios and regulatory background. Plus, their network comprises fiduciaries, who are legally required to act in your best interests.<\/p>\n Just enter a few details about your finances and goals, and Advisor.com\u2019s AI-powered matching tool will connect you with a qualified expert<\/a> best suited for your needs based on your unique financial goals and preferences.<\/p>\n Finding the right advisor isn\u2019t always easy \u2014 there\u2019s no one-size-fits-all solution. That\u2019s why Advisor.com lets you set up a free initial consultation<\/a> with no obligation to hire to see if they\u2019re the right fit for you.<\/p>\n Join 250,000+ readers and get Moneywise\u2019s best stories and exclusive interviews first \u2014 clear insights curated and delivered weekly. Subscribe now.<\/a><\/strong><\/p>\n We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines<\/a>.<\/p>\n @TheIcedCoffeeHour (1<\/a>); @theRealKiyosaki (2<\/a>), (3<\/a>), (6<\/a>), (7<\/a>), (16<\/a>), (17<\/a>); Trading Economics (4<\/a>), (5<\/a>); CNBC (8<\/a>); Paul Krugman (9<\/a>); Business Insider (10<\/a>); CNN (11<\/a>), (12<\/a>); Social Security Administration (13<\/a>); Yahoo Finance (14<\/a>); @CNBCInternationalLive (15<\/a>)<\/p>\n Put boot url here<\/p>\n This article provides information only and should not be construed as advice. It is provided without warranty of any kind.<\/p>\n","protected":false},"excerpt":{"rendered":"Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. 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