“Rich Dad, Poor Dad” and personal finance author Robert Kiyosaki says that the U.S. is facing a future of unprecedented economic pain.
During a recent video interaction, Kiyosaki says rising inflation, shortfalls in social security, and healthcare funding are the key factors influencing the economy. This is going to hammer a massive number of baby boomers.
“The biggest losers are people who have never lost. Those are the people sitting on their 401ks right now. My generation. The former generation. They’re in serious trouble,” says Kiyosaki.
He adds that the baby boomers will be the biggest losers because they’ve been taught not to make mistakes and haven’t lost yet. This is because they’ve had it so easy.
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