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America’s baby boomers are often seen as the lucky ones — 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.
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.
In an appearance on The Iced Coffee Hour podcast, Kiyosaki issued a blunt warning: America’s boomers will face a wave of homelessness — and he’s placing the blame squarely on one institution (1).
“The reason we have homelessness today is because we have a Federal Reserve bank — it’s a criminal organization,” he said. “Look how homelessness is exploding. People can’t afford homes.”
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’t enough on its own, and that, “we’re going to get wiped out via inflation.”
When coupled with market uncertainty, many boomers might not be as safe as they think.
“When you print fake money, which this stuff is, you make life harder on people,” he said, holding up a pair of U.S. dollar bills.
He went on to explain that printing money disproportionately benefits asset owners at the expense of the poor and middle class.
“So 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 — and inflation wipes them out.”
Here’s a closer look at why Kiyosaki is making these gloomy predictions, and how you can protect yourself.
Kiyosaki is no stranger to making these kinds of warnings.
Recently, he issued another grim warning about economic collapse on X — but this time, with a silver lining.
“Time to get rich?” he wrote in March 2026 (2).
“When 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.”
