Social Security Shortfall and Inflation Could Push Millions of Boomers to Homelessness by 2034

By 2034, millions of boomers could face homelessness as Social Security benefits decline amid a deepening inflation crisis. Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has warned that the purchasing power of Social Security is being eroded by rising inflation, driven in part by oil prices and the Federal Reserve’s printing of fiat currency. He claims that this economic instability is pushing boomers toward financial ruin, with many lacking the financial foundation to survive a currency collapse. Kiyosaki links the crisis to the 1974 Employee Retirement Income Security Act (ERISA), which shifted guaranteed retirement income to individual 401(k)s, leaving many boomers without a stable post-retirement income. He urges investors to move away from fiat currency and into assets like gold, silver, and Bitcoin to protect against inflation and currency devaluation.