Rich Dad

Author of 'Rich Dad Poor Dad,' Robert Kiyosaki, warns that the economy is on the verge of collapse, urging swift action as the baby boomer generation faces the risk of devastating losses in housing, stocks, and bonds.

Robert Kiyosaki: The biggest collision event in history will severely impact the baby boomer generation - take immediate action.

Renowned financial expert and bestselling author Robert Kiyosaki has released a stern prediction, warning of an upcoming economic recession that he describes as the "largest collapse in history." Kiyosaki, well known for his co-authored work with Sharon Lechter in 'Rich Dad Poor Dad,' which has sold over 32 million copies, translated into 51 languages, and stayed on the New York Times bestseller list for over six years.

On Monday, Kiyosaki shared his concerns on the social media platform X, emphasizing the precarious situation of the baby boomer generation. He pointed out that their heavy reliance on traditional retirement assets such as housing, stocks, and bonds makes them particularly vulnerable. He said, "When the stock market booms, the baby boomer generation will be the biggest losers." He emphasized the potential for significant financial turmoil in the coming years.

He encourages young people to help their parents reassess their investments before the market downturn worsens, and states:

If I were a baby boomer's child, I would urge my parents to sell their Real Estate, Stocks, and Bonds at high prices before the impending collapse... Now buying Gold, Silver, and Bitcoin... before your baby boomer parents move in with you, or expect you to cover their rising Medical Care or funeral costs.

Kiyosaki outlined broader economic risks, linking the aging of the baby boomer generation with market dynamics shifts, suggesting that this could trigger a widespread collapse. "In 2020, the aging of the baby boomer generation will lead to a collapse in the real estate, stocks, and bonds markets. I am a baby boomer born in 1947. I do not expect my home to be an asset, nor do I expect my 401(k) or IRA to sustain me in retirement," he said, indicating his lack of confidence in traditional retirement strategies.