Page 16 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

10 I INTRODUCTION

who have 401(kls will not have enough money to retire on
simply because the 401 (k) was designed for very high-
income executives, not lower wage workers. In simple
terms, the 401 (k) savings plan will not be adequate for
approximately 80 percent of all workers, especially those
making less than $150,000 a year. Millions of middle-class
workers will be downgraded to the poor class even though
they have a 401(k) plan today.
Do you have a 401(k)?

1989: The Berlin Wall came down and the World Wide
Web went up. In other words, communism, an economic
system designed to protect the workers, failed. At the same
time, in the same year, we entered the Information Age.
Suddenly young Internet millionaires and billionaires were
being created while baby-boom workers were losing their
jobs.

Many older workers have to work for younger workers
simply because they are not technically current. Instead of
receiving pay raises asthey did in the Industrial Age, many
older workers are receiving pink slips because their years
of education and experience are obsolete.

Are your skills obsolete?

1996: The Telecom Reform Act was passed. This Act
allowed the world to be connected via fiber optic cable,
facilitating globalization. This meant that white-collar jobs
could be exported. It now makes economic sense to hire a -
programmer, doctor, lawyer and accountant in countries
where the costs for these services are much lower due to
the lower cost of living abroad.