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Robert Kiyosaki warns baby boomers will be ‘biggest losers’ – suggests kids should ‘nudge’ parents to sell their homes and assets before it’s too late
Robert Kiyosaki is nothing if not consistent. Author of the book Rich Dad Poor Dad and the self-proclaimed “Billionaire in debt“He’s built his reputation on predicting market doom, and if you follow him on X, it feels like he’s warning every week about the next big crash. But his latest post takes a sharp turn — even for him.
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Kiyosaki, a powerful real estate investor and famous for owning 15,000 propertiesBoomers are now being urged to sell their homes. Yes sale. “If I were a baby boomer… I would urge my parents to sell their house, stocks and bonds now… while prices are high… before the next crash,” he wrote in his final post. .
This sounds like a plot twist coming from someone who has spent decades preaching the virtues of real estate. But Kiyosaki is not one to sugarcoat his opinions, and he is clear about who he thinks will take the hardest hit: the baby boomers. “When the stock market explodes… boomers will be the biggest losers,” he warned, adding that their once untouchable retirement assets — homes, 401(k)s, IRAs — won’t be enough to save them.
Kiyosaki blames the same generation he warns against, arguing that the baby boomers have been doing well for too long. “Boomers were lucky,” he said, noting how their generation drove the real estate market in the 1970s and ignited the stock and bond boom with 401(k)s. But now he says its aging population will turn those booms into busts.
If you’re a baby boomer, Kiyosaki’s message gets even bleaker: Don’t be surprised if your parents come knocking. “Buy gold, silver, and bitcoin now…before mom and dad move in with you…or expect you to pay rising health care or funeral costs,” he wrote in his trademark frank style.
This level of doom is the benchmark for Kiyosaki, who recently claimed that the S&P 500 would “Toast millions from 401(k)s and IRAsBut even by his standards, calling on baby boomers to sell their homes is a departure. It’s rare to see him suggest abandoning real estate altogether — a sign of how pessimistic he is about the current market.
In contrast to Robert Kiyosaki’s warnings about the impending collapse of the housing market, many experts maintain more optimistic forecasts. “I do not expect a housing market collapse in 2024 as a stable economy and job market continue to support household incomes and balance sheets,” asserts Danielle Hale, chief economist at Realtor.com.
Likewise, a report from US News & World Report notes that although home sales may remain constrained by rising mortgage rates, home prices are expected to maintain their value in the short term, with variations depending on local market conditions. These views suggest that despite concerns, a widespread decline in home values is not expected in the near future.
However, Kiyosaki’s advice boils down to the same mantra he’s been promoting for years: ditch traditional assets and rely on what he calls “true” safe havens — gold, silver and bitcoin. Whether you find his warnings insightful or exhausting, one thing is clear: he’s not betting on a happy ending.
