In a recent tweet, the author of Rich Dad, Poor Dad, Robert Kiyosaki, claimed that inflation makes lower-income groups poorer while benefiting the wealthy.
Kiyosaki states that inflation erodes the purchasing power of dollar savings held by the poor and middle class, who rely on these funds. Meanwhile, the rich are shielded by investing in alternative assets like gold, silver, and bitcoin rather than cash.
The author views inflation as widening the wealth gap by devaluing the US dollar, which most Americans work for and keep their money in. But inflation can also drive up the prices of scarce real assets that wealthy investors tend to hold…
The post Kiyosaki Says Inflation Makes the Rich Richer appeared first on Coin Edition.
In a recent tweet, the author of Rich Dad, Poor Dad, Robert Kiyosaki, claimed that inflation makes lower-income groups poorer while benefiting the wealthy.
Kiyosaki states that inflation erodes the purchasing power of dollar savings held by the poor and middle class, who rely on these funds. Meanwhile, the rich are shielded by investing in alternative assets like gold, silver, and bitcoin rather than cash.
The author views inflation as widening the wealth gap by devaluing the US dollar, which most Americans work for and keep their money in. But inflation can also drive up the prices of scarce real assets that wealthy investors tend to hold…
The post Kiyosaki Says Inflation Makes the Rich Richer appeared first on Coin Edition.