Financial educator and author Robert Kiyosaki has boldly proclaimed that the global economy is in a recession, claiming it is the outcome of his long-standing projection from over a decade ago.
According to Kiyosaki, the recession is characterized by rising inflation and unemployment, a downturn he has been warning about since publishing his ‘Rich Dad’s Prophecy’ book in 2012, he said in an X post on March 26.
“The facts are the world is in a recession. The facts are inflation is going up, and so is unemployment,” he said.
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Although a recession might lead to widespread fear, the ‘Rich Dad Poor Dad’ author urged investors not to panic, noting that such a scenario could present opportunities to grow wealth through education.
“The most important question is “What are going to do about this recession? Will this recession make you richer or poorer? The choice is yours, and your choice of education can be free,” he added.
Kiyosaki’s economic downturn projection track record
It should be noted, Kiyosaki has repeatedly warned about an impending market crash. However, critics have challenged the investor’s assertions as his projections have failed to materialize as forecasted. These critiques portray Kiyosaki as a sensationalist whose dire warnings are unreliable financial guidance.
Despite the skepticism, Kiyosaki has maintained that investors should focus on protecting their wealth, recommending investments in alternative assets such as gold, silver, and Bitcoin (BTC).
He remains bullish on the digital currency, calling Bitcoin “the biggest opportunity in history,” and forecasting a price of as high as $500,000.
While many of Kiyosaki’s past predictions have not materialized, the current economic climate presents a new twist as mainstream analysts are increasingly pointing to the possibility of a recession.
Growing recession fears
For instance, a key measure of consumer expectations has fallen to its lowest level in 12 years, signaling potential economic trouble ahead.
To this end, the Conference Board’s latest survey shows its short-term outlook index for income, business, and labor market conditions dropped 9.6 points in March to 65.2, well below the recession-warning threshold of 80.
This decline in confidence coincides with stock market volatility, as the S&P 500 recently entered correction territory, although the benchmark index has seen minor upward moves.
Additional research from the University of Michigan and the New York Federal Reserve also reflects household financial pessimism.
At the same time, Rosenberg Research warned that the situation might be dire in the United States, where 44 states have seen unemployment rise by at least 0.5 percentage points since their cycle lows, often a recession signal.
The firm noted that weakening labor markets, tariff-driven price hikes, and federal spending cuts could strain incomes and reduce consumer spending.
Meanwhile, the grim outlook persists despite steady consumer spending, with high-income earners and younger consumers showing more resilience. The situation is further complicated by ongoing uncertainty surrounding trade tariffs imposed by President Donald Trump.
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