Robert Kiyosaki : young people today, those born after 1970, 1980, will face a far tougher financial world than the old guys like me

Robert Kiyosaki : Well, I don't think it's money, it's the lack of money that's causing problems. If you look at the federal deficit right now, "USA Today" ran a report saying that each family in America today, their share of the deficit is $480,000. That's nearly half a million dollars for every family in America. Another statistic shows that in 2003, more young people declared bankruptcy than graduated from college. Now, bankruptcy, they tell you it's not that big a deal, but it is a stigma that stays with you for the rest of your life. All I'm saying is that if we're going to solve the problem of a deficit, of a poor nation, of social security and Medicare, that problem does need to start with our young in our school systems. Because young people today, those born after 1970, 1980, will face a far tougher financial world than the old guys like me ever faced.