- Robert Kiyosaki claims inflation makes the poor and middle class poorer but benefits the wealthy
- He argues it erodes cash savings of lower-income groups but boosts alternative assets held by the rich.
- Kiyosaki views inflation as exacerbating the wealth gap due to Fed policies.
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.
INfLATION makes the POOR &MIDDLE CLASS poorer because they work for & save dollars. Yet INFLATION makes the RICH RICHER. Why? Because today’s rich work for & save Gold, Silver, & Bitcoin.— Robert Kiyosaki (@theRealKiyosaki) October 18, 2023
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…
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