The Growing Gap Between Social Classes: Rich Get Richer, Poor Get Poorer
Famous investor and author Robert Kiyosaki, known for his book โRich Dad Poor Dad,โ recently discussed the widening wealth disparity in the world. In a conversation with George Gammon on Kiyosakiโs podcast, they both agreed that the current global economy is facing significant challenges, as predicted by the International Monetary Fund (IMF). They shared their observations on the economic situation and highlighted the following key points:
Rich Get Richer, Poor Get Poorer
Kiyosaki emphasized that the gap between the rich and poor has been growing larger, particularly since 2022. He compared this growing divide to the vastness of the Grand Canyon. According to him:
โIn 2022, the gap between rich and poor is now accelerating. Itโs getting wider than the Great Canyon.โ
Kiyosaki believes that itโs not solely the fault of the poor for their worsening financial situation but rather a result of poor financial education from their teachers and parents.
Rising Oil Prices
Kiyosaki also expressed concerns about rising oil prices and its implications for fuel and food costs. He believes that these increases will disproportionately impact the poor and middle class. Last year, he predicted that rising oil costs and green energy policies would lead to inflation and potentially eliminate the middle class.
Safeguarding Your Finances
To protect against economic uncertainties, Kiyosaki has advised his followers to invest in assets they can trust. He suggests considering precious metals like gold and silver, as well as Bitcoin (BTC), which he believes could reach $100,000 by June 2024.
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