The economy is performing reasonably well, with real GDP increasing in the third quarter compared to the second quarter of 2024. This is evidenced by data from the U.S. Bureau of Economic Analysis.
However, Kiyosaki has warned that the economy may plunge into a depression next year.
“A global crash has begun. Europe, China. The U.S. is falling. Is a depression ahead?” he wrote in a post on X. “Please be smarter with your money. Hold onto your job and your cash.”
By money, the author of the bestseller "Rich Dad Poor Dad" refers to Bitcoin and gold. He is not alone in his concerns about future economic troubles. Despite this year's strong GDP figures, some analysts fear that Trump's aggressive trade policies could slow growth and lead to a recession.
Peter Berezin, chief global strategist at BCA Research, warned in November that the import tariffs proposed by Trump could trigger a recession with a 75% likelihood.