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Kiyosaki warns Americans about nightmare robbery ‘you didn’t know happened’ — and it’s draining your wallet monthly

Kiyosaki warns Americans about nightmare robbery ‘you didn’t know happened’ — and it’s draining your wallet monthly

Rich Dad Poor Dad author Robert Kiyosaki warned Americans about an "inflation robbery" they may not be aware of, which is silently draining their wallets on a monthly basis. The Consumer Price Index (CPI), a commonly reported economic number, is actually evidence of this covert inflation, Kiyosaki argued in a recent Instagram video.

Policymakers create more currency, prices rise, and then the CPI reports the damage done after the fact, Kiyosaki said. He criticized that the number only reveals the consequences instead of preventing or mitigating the issue. In August, consumer prices rose 0.4% from July, and 3.4% compared to the same period a year earlier. Energy costs, particularly gasoline, had a significant impact, contributing more than one-third of the overall increase.

Kiyosaki's argument hinges on the idea that while headline inflation may have cooled, the cost-of-living crisis is still severe. Since 2020, food prices have surged 34.1% and housing costs 33.4%, while energy prices have climbed 45.9%. Kiyosaki highlighted that investors can protect themselves from inflation by investing in assets like gold, real estate, or real estate crowdfunding platforms.

Gold, being a non-printable currency, remains a reliable hedge against inflation, and its value has risen by 140% over the past five years. Real estate also benefits from rising property values and rental income, making it another powerful inflation hedge.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at finance.yahoo.com →

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