“In 2025, credit card debt has been the always high. U.S. debt has been the always high. Unemployment is rising. 401K is losing. Pensions are being stolen.
He continues to urge investors to buy gold, silver and Bitcoin. He wrote: "I firmly believe that by 2035, a bitcoin will exceed $1 million. Gold will be $30,000 (SIC) and silver coins in coins of $3,000. This will be the easiest money you can earn."
Discover Next: Robert Kiyosaki is dumping gold and silver: This is what he is buying
Try the following: 5 types of car retirees should stay away from buying
Kiyosaki is no stranger to the catastrophic nature of Doom. Back in 2002, he wrote a book about his bearish forecasts. The title says it all: “Rich Dad predicts why the biggest stock market crash in history is still...and how to prepare yourself and profit from it!”
So, based on Kiyosaki's prediction of "greater depression", what parts are other financial experts agree on? They disagree?
In the United States, debt rises should raise more alarms than it does. The Federal Reserve reported that household debt had an all-time high of $18.20 trillion in the first quarter of 2025.
“Consumers, corporate and government debt is out of control,” said Rod Skyles, a writer with unconventional economist. “The forces that drive higher interest rates seem to be building at a rapid pace, at least creating an environment for debt death spirals.”
Read next: Living Wage in Family of Four in All 50 States
The surge in deficit spending at all levels of government has laid the foundation for a potential debt crisis. "The main driving force behind all this is the deficit spending of the U.S. government, which has led to higher U.S. debt overall," Skeles added. "We are currently in our fourth year of the worst treasury market in history."
In a Wolves Kluwer Blue Chip Economic Indicators Survey released in May, economists predict that U.S. inflation will increase again by 72% over the next six months.
A survey of economists also stimulates a 47% chance of a recession in the next 12 months.
Economists do see the real risks of scattering. The Blue Chip Economic Indicator Survey uses the “suffering index” as a measure of stagnation, representing the sum of inflation and employment rates. Economists believe that in the third quarter of 2025, it peaked to 8.1%, and then gradually dropped to 6.9% in the fourth quarter of 2026.
“These results are high relative to the years of the pandemic, but are still well below the readings from the 1970s and 1980s. For most of this period, the index was above 12%, reaching 19.9% in 1975 and 22.0% in 1980,” explained Frank Ready of Wolters Kluwer.
Michelle Green, chief economist at the board, said she expects growth to be slower, but not deep depression. "We have increased our actual GDP forecast from 2.4% in 2025 to 1.3%, moderate unemployment and persistent inflationary pressures. This combination creates a situation where economists would normally classify as mild to moderate bucks, rather than economic collapse at depression levels," she said.
Dr. Mariano Torras, chair of the Department of Finance and Economics at Adelfi University, said Kiyosaki reduced his message through his “fast affluent” speech. “While he is likely to be right, that is, coming to the ocean with storms, I agree with him that we should put money into tangible investments like property, metals and commodities, I don’t want to do that ‘Rich’.”
Instead, Dr. Trust believes these are more defensive assets to help maintain purchasing power. If there is actually “greater depression”, everyone will feel pain – but some will feel pain than others.
More information from Gobankingrates
This article originally appeared on gobankingrates.com: Robert Kiyosaki says "greater depression" is coming - do other experts agree?